• Politics
  • Economy
  • Stock
  • World News
  • Editor’s Pick
Investments Aims

THE NATIONAL Capital Region (NCR) and Mindanao hosted the most official development assistance (ODA) projects in 2024, the Department of Economy, Planning, and Development (DEPDev) said.

“ODA support was geographically distributed, with Mindanao and NCR receiving larger allocations,” DEPDev said in its ODA Portfolio Review Report issued on Thursday.

ODA refers to the a form of aid, typically loans and grants, provided by governments or international organizations to developing countries to support their social and economic development.

Overall, $11.88 billion supports 123 loans or grants to Philippine regions. Overall ODA commitments amounted to $39.61 billion in 2024.

Some 30.1% of ODA commitments are region-specific, 38.53% nationwide, and 31.47% multi-regional.

The DEPDev said the NCR received the largest region-specific allocation at $5.35 billion across 28 projects, accounting for 45% of the total region-specific portfolio.

“As the country’s primary economic center, NCR received ODA directed towards urban development, transport infrastructure, and public service improvements, including efforts to reduce congestion and enhance productivity,” it said.

If the NCR is excluded from Luzon, Mindanao received the largest share among the three island groups, accounting for $2.68 billion across 62 loans and grants, or 23% of region-specific ODA.

“This reflects continued support for peacebuilding, post-conflict development, and inclusive infrastructure in the island group. Major interventions were concentrated in the Davao Region (Region XI), which received $1.93 billion for 12 projects — making it the highest among all regions,” DEPDev said.

Among the regions excluding the NCR, Davao Region received $1.93 billion, Central Luzon $1.55 billion, Central Visayas $1.46 billion and Bangsamoro Autonomous Region in Muslim Mindanao $585.89 million.

Some 43 projects were identified as “at-risk,” most of them being implemented by the Department of Public Works and Highways and the Department of Transportation. — Aubrey Rose A. Inosante

0 comment
0
FacebookTwitterPinterestEmail

previous post
Common station contractor picked this year
next post
Philippine debt payments down 1.42% in June

You may also like

Cracker Barrel rebrand: Why companies retreat when faced...

August 29, 2025

Trump accused Fed governor Lisa Cook of mortgage...

August 29, 2025

Lego hits record revenue in first half of...

August 28, 2025

Google has eliminated 35% of managers overseeing small...

August 28, 2025

What a stake in Intel could mean for...

August 27, 2025

Frontier Airlines goes after struggling rival Spirit’s customers...

August 27, 2025

Cracker Barrel assures customers its values remain the...

August 26, 2025

U.S. could take stakes in more firms, White...

August 26, 2025

Trump flexes power over big business as U.S....

August 25, 2025

Crop tour projects record 2025 U.S. corn harvest,...

August 24, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Rubio denies visas to Palestinian leaders for UN General Assembly, citing terror support

    August 29, 2025
  • 2028 looks like trouble for Democrats — and Republicans are poised to capitalize

    August 29, 2025
  • Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.

    August 29, 2025
  • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

    August 29, 2025
  • UK, France, Germany trigger UN sanctions on Iran over ‘significant’ nuclear program defiance

    August 28, 2025
  • Terms & Conditions
  • Privacy Policy
  • Contact us
  • About us

Copyright © 2024 Investments Aims. All Rights Reserved.

Investments Aims
  • Politics
  • Economy
  • Stock
  • World News
  • Editor’s Pick