Quantcast
Latest Stories

NEDA: Foreign aid releases slightly increased in 2011

By

Foreign aid releases to the Philippines grew 4 percent to $1.67 billion in 2011 from $1.61 billion the previous year, the National Economic and Development Authority (NEDA) said Monday, citing a preliminary report on overseas development assistance (ODA).

“The increase in the disbursement level and ratio in 2011 is attributed to the $500-million single tranche release of the World Bank’s ‘Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option,” said Roderick M. Planta, NEDA project monitoring staff director.

Total disbursement ratio, or the percentage of actual disbursements to the net loan available during the year, went up to 30.1 percent in 2011 from the 29.5 percent reported in 2010.

Net commitments of official development assistance for 2011 amounted to $8.54 billion, from $1.07 billion in 2010, financing a total of 78 loans.

Implementing agencies of the government received less disbursements in 2011. Total ODA disbursement rate dropped from 80.2 percent to 77.6 percent. Availment rate also dropped to 75 percent in 2011 from 80 percent the previous year.

The biggest ODA funding source in 2011 is still the government of Japan, through its Japan International Cooperation Agency (JICA), accounting for 32 percent of total ODA commitments for the Philippines. JICA’s share was reported to be lower than the 36.40 percent seen in 2010.

Also, World Bank accounted for a 29.1-percent share of the funding.

China accounted for a 13.36-percent share in aid, up from the 11.87-percent reported the previous year.

The Asian Development Bank’s commitment share also went down to 8.53 percent, from 10.18 percent in 2010.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: foreign aid , overseas development assistance (ODA) , Philippines



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • NDRRMC: Dead in Holy Week accidents now 23
  • ‘I’ll make it,’ says young ferry passenger to family
  • Bad weather halts rescue after deadliest Everest disaster
  • Gigi Reyes has no other option but to turn state witness — Santiago
  • US weighing military exercises in Eastern Europe
  • Sports

  • Nick Calathes suspension a reminder of supplement risk
  • Teague scores 28 as Hawks soar past Pacers in Game 1
  • Warriors beat Clippers in playoff opener
  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Lifestyle

  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Fashionistas flock to designer’s wedding
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Marketplace