By Darryl John Esguerra

MANILA – President Ferdinand R. Marcos Jr. praised the Asian Development Bank (ADB) for its instrumental support in the Philippines’ development, especially during the coronavirus disease 2019 (Covid-19) pandemic.
Marcos made the remark as he met with outgoing ADB President Masatsugu Asakawa on Thursday in Malacañang.
The President expressed deep gratitude for the ADB’s contributions, particularly in aiding the country’s recovery during the health crisis.
“I have to always thank you for the involvement of ADB. The partnership of ADB and the Philippines has certainly grown to a great deal,” said Marcos, acknowledging ADB’s sustained role in supporting various foreign-assisted projects in the country.
He also cited ADB’s financial and technical support which was crucial in mitigating the impact of the pandemic and accelerating the nation’s recovery efforts.
“Of particular note, it was the support of ADB during the pandemic. That was critical. That was absolutely critical for our recovery. Without your help, it would have been a much more difficult situation for us,” Marcos said.
The Chief Executive also expressed his intent to further strengthen the partnership with the ADB.
“We fully intend to increase that engagement and continue to make them stronger. Again, thank you for all the help,” he said.
In recognition of Asakawa’s leadership and the ADB’s significant role in Philippine development, Marcos conferred the Order of Sikatuna with the rank of Datu (Grand Cross) Gold Distinction to the outgoing ADB head.
The award recognizes Asakawa’s exceptional efforts in fortifying relations between the Philippines and the ADB, particularly in key areas such as economic development, infrastructure investment, health, climate resilience, and human capital development.
Asakawa, who served as the ADB President for five years since Jan. 17, 2020, expressed his appreciation for the opportunity to meet with Marcos before the conclusion of his tenure.
The ADB is one of the Philippines’ most significant multilateral partners, having consistently provided assistance for development projects aimed at fostering inclusive and sustainable growth across the archipelago. (PNA)