Foreign Aid to the Philippines, 2014

Let us ask NEDA to give us an inventory of projects funded by aid or Official Development Assistance (ODA). 

Here's the latest NEDA report I got (2014):

In peso terms, grants amount to P152.88 B or 4.6% of our 2017 P3.3 Trillion budget. Grants are not repaid. They are direct aids.

We can indeed survive without foreign aids (grants only), with a roughly 5% adjustment in our P3.3 Trillion budget to cover the roughly P150 Billion aid the country is receiving every year. NEDA is the overseeing the ODA program and will expectedly be the one to handle the substitute program if foreign aid is abolished.

Loans, while considered Official Development Assistance, will have to be repaid although terms are soft.  

 2 ODA PORTFOLIO

The total ODA portfolio as of December 2014 amounted to US$14.37 billion, consisting of 76 loans worth US$11.18 billion (78% of total portfolio), and 449 grants worth US$3.19 billion (22% of total).

World Bank had the largest share in the portfolio representing 32 percent (US$4.54 billion). This is followed by Japan with 23 percent share (US$3.33 billion), Asian Development Bank (ADB) with 17 percent share (US$2.35 billion), and USA with eight percent share (US$ 1.15 billion). Assistance from these top four DPs amounted to 80 percent of the portfolio (US$11.36 billion)

Table 2.1 Total ODA by Development Partner in US$

Development Partner

                                    Loan                       Grant

World Bank               4,453 M                   84 M

Japan                         3,159 M                  166 M

ADB                            2,231 M                  118 M

USA                              --                        1,148 M

UN SYSTEM                    75 M                 608 M 

South Korea                  524 M                   93 M

Australia                         --                        587 M

France                           436 M                   0.54 M

Germany                          55 M                  124 M

EU                                    --                        174 M

China                              115 M                      5  M

OFID                                 70 M                    --

Canada                             --                         54 M

Italy                                   34 M                      3 M

Austria                              25 M                    --

Spain                                --                            9 M

Norway                             --                           4 M

New Zealand                   --                           0.69 M

--------------------------------------------------

TOTAL                          11,181 M                   3,185 M     

In peso terms, grants amount to P152.88 B or 4.6% of our 2017 P3.3 Trillion budget. Grants are not repaid. They are direct aids.

We can indeed survive without foreign aids (grants only), with a roughly 5% adjustment in our P3.3 Trillion budget to cover the roughly P150 Billion aid the country is receiving every year. NEDA is the overseeing the ODA program and will expectedly be the one to handle the substitute program if foreign aid is abolished.

Loans, while considered Official Development Assistance, will have to be repaid although terms are soft.  

         

http://www.neda.gov.ph/wp-content/uploads/2015/10/CY2014-ODA-Review-Overall-ao-30-June-2015-for-printing-FINAL.pdf