President Ferdinand R. Marcos Jr. acknowledged the significant contributions of the Asian Development Bank (ABD) to the country’s development, particularly during the COVID-19 pandemic.

The President welcomed outgoing ADB President Masatsugu Asakawa who paid a farewell call at the Malacañan Palace on Thursday.

“I have to always thank you for the involvement of ADB. The partnership of ADB and the Philippines has certainly grown to a great deal,” President Marcos said.

“Of particular note, it was the support of ADB during the pandemic. That was critical. That was absolutely critical for our recovery. Without your help it would have been a much more difficult situation for us,” he added.

According to the President, the ADB has consistently been at the forefront of all foreign-assisted projects in the country. He also expressed his intent to further strengthen the partnership.

“We fully intend to increase that engagements and continue to make them stronger. Again, thank you for all the help,” he said.

To honor ADB’s relentless support and service, President Marcos conferred upon Asakawa the Order of Sikatuna with the rank of Datu (Grand Cross) Gold Distinction.

The award was given in recognition of his significant efforts to deepen the partnership and overall relations between the Philippines and ADB.

It also highlights his exceptional leadership in guiding the ADB to remain responsive to the needs and aspirations of the Filipino people, particularly in areas such as economic development, health, infrastructure investment, climate resilience, and human capital development.

Asakawa, in turn, expressed his gratitude to President Marcos for allowing the meeting before concluding his tenure.

Asakawa has served as ADB president for five years, beginning his term on January 17, 2020. | PND