The Philippines’ Department of Finance called for more flexible financing from the Asian Infrastructure Investment Bank (AIIB) to help complete infrastructure projects, attract private investment and support affordable energy and climate resilience. International Finance Group Undersecretary Joven Z. Balbosa presented the recommendations at the Governors’ Business Roundtable Discussion during the AIIB Board of Governors’ annual meeting on September 28, 2026, in Doha, Qatar. The recommendations included expanded grants and technical assistance to improve project readiness and social development outcomes, lower commitment fees, and greater flexibility in resolving implementation bottlenecks. Balbosa also urged the bank to develop innovative financial instruments and mobilize private capital, with priority given to scaling renewable energy, reducing power costs, and strengthening climate adaptation and mitigation projects.
Philippines’ Department of Finance urges more flexible Asian Infrastructure Investment Bank financing and lower commitment fees
The Philippines’ Department of Finance urged the Asian Infrastructure Investment Bank to offer more flexible infrastructure financing, lower commitment fees, and expand grants and technical assistance. At the bank’s annual meeting in September 2026, International Finance Group Undersecretary Joven Z. Balbosa also called for instruments to mobilize private capital and prioritize renewable energy, lower power costs and climate projects.