The contradiction is obvious even in ADB’s own framing. Fuse is not a fragile microfinance cooperative struggling to reach the unbanked ... These are not capital constrained actors ... That signals a shift in development priorities ... Scale ... Data-driven ... X.
The national government’s outstanding debt climbed to a record high of P17.71 trillion at the end of 2025 as authorities tapped both domestic and external financing to fund development programs amid unfavorable currency movements ....
At P17.71 trillion, outstanding debt grew by P1.66 trillion, or 10.32 percent, from P16.05 trillion a year earlier. It also exceeded the targeted P17.359 trillion cap for 2025 ... ....