The ADB provided a USD 303 mln loan for the Philippines to address flood and climate risks across three major river basins. Separately, the Philippines aims to maintain market access by floating a USD 1 bln bond this year. The country plans for USD 5 bln in overseas bond sales in 2023 to address its budget deficit, which it aims to limit to 1.5 tln pesos (USD 26.5 bln) or 6.1% of its GDP.