Philippines secures ¥236.64 billion ADB loan for crisis relief
The financing will support fuel and electricity supplies, transport affordability, aid for vulnerable groups and assistance for overseas Filipino workers.
The Philippines has secured a ¥236.64 billion loan from the Asian Development Bank to help fund measures addressing the effects of the Middle East crisis, according to the Department of Finance (DOF).
Finance Secretary Frederick Go signed the agreement on October 6, 2026, for the Assistance for Greater Resilience and Alleviation of Poverty (AGAPAY) programme. The DOF said it provides budget support to address economic shocks and disruptions to oil supplies caused by the conflict.
The loan will help finance the government’s Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT). Its measures include maintaining adequate fuel and electricity supplies, keeping public and commercial transport affordable, and directing financial aid to vulnerable groups.
The package also covers assistance to bring home overseas Filipino workers affected by the conflict and support their reintegration.
The DOF said the ADB loan falls under the government’s external financing programme for 2026 and is intended to make funding available for priority measures.
