Marcos Cancels Land Debt

Marcos Cancels Land Debt

Philippine President Ferdinand Marcos has written off $1.04 billion in land-related debt owed by more than half a million farmers. The “New Agrarian Emancipation Act” waives all property-related debt owed by farmers who had been given land on 30-year payment terms...
Indonesia Returns to Mid-Income Status

Indonesia Returns to Mid-Income Status

Indonesia has returned to the rank of an upper-middle-income country, marking the bounce back of its economy following the pandemic. The country’s gross national income (GNI) per capita, which measures the sum of money a nation earns divided by its population, reached...
JICA Approves Loans for Vietnam

JICA Approves Loans for Vietnam

The Japan International Cooperation Agency (JICA) has signed three loan agreements with the Government of Vietnam to provide an Official Development Assistance (ODA) loan of up to JPY60.983 billion (US$422 million) for the country’s post-COVID recovery and key...