Senator Loren Legarda said the country’s membership in the Asian Infrastructure Investment Bank (AIIB) would help achieve its growth targets through accelerated infrastructure spending.
Legarda, who chaired the Senate Committee on Foreign Relations’ hearing on the Articles of Agreement of the Asian Infrastructure Investment Bank, said, as the Duterte administration aims to increase infrastructure spending of up to 7% of gross domestic product (GDP), membership in the AIIB will give the country additional source of financing for major capital investment projects of the government and the private sector.
Opening Statement of Senator Loren Legarda
Committee on Foreign Relations
Subcommittee on the Agreement of the
Asian Infrastructure Investment Bank (AIIB)
10 November 2016, Recto Room
Good morning and welcome to today’s hearing of the Senate Committee on Foreign Relations on the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB).
Similar to the Asian Development Bank and the World Bank, the AIIB is a multilateral lending institution first proposed by Chinese President Xi Jinping and Premier […]
Senator Loren Legarda invites everyone to watch the second episode of Dayaw featuring traditional homes on November 10, 6:00 p.m. on the ABS-CBN News Channel (ANC) and ANC HD.
The second episode, “Kanlungan – The Sheltering Filipino Home”, looks into how Filipino homes have been shaped by the environment. It features the Ivatan home, the Ifugao Bale, the T’boli longhouse, the Bahay Kubo and the Bahay na Bato.
Senator Loren Legarda today welcomed President Rodrigo Duterte’s commitment to ratify the Paris Agreement on Climate Change and said that the climate journey has just begun.
“I thank the President for declaring that he will ratify the Paris Agreement. I thank the members of the Cabinet too for seeing the importance of upholding the treaty,” said Legarda, Chair of the Senate Committees on Climate Change and Finance, and the Global Champion for Resilience of the UN Office for Disaster Risk Reduction (UNISDR).
Senator Loren Legarda highlighted the challenge of translating knowledge into practice to effectively manage, reduce and prevent disaster risks, during her speech today at the 5th Top Leaders Forum held at the SMX Convention Center, Pasay City.
