Foreign assisted projects - News Summed Up

Foreign assisted projects


Congress had been habitually sabotaging vital infrastructure projects funded by foreign donor countries. “For four straight budget cycles, billions of pesos meant for airports, railways, mass transport, flood control, and climate protection were quietly pulled out of the national budget. As of early 2024, approximately 40 percent of the 197 projects in the government’s “Build Better More” flagship list is funded through foreign aid. Foreign assisted projects are subject to international procurement rules, lender oversight, multilayered appraisal, and independent audits. Foreign assisted projects are closely watched by investors, credit rating agencies, and development partners.


Source: Philippine Star February 03, 2026 16:45 UTC



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