Tap Secrets: The Manila Water Story

The Manila Water Company talks about how it successfully instituted water sector reforms to transform an aging public water utility into a world-class, commercially viable service provider. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

Fishing boats for the Philippines

ADB and the World Wide Fund for Nature are helping fishermen affected by Typhoon Haiyan/Yolanda build sturdy fiberglass boats. View Photo Essay

Spreading the Benefits of Economic Growth

The Philippines is working to broaden the impact of economic growth by creating opportunities for the poor and investing in the next generation. Watch Video

Overview

The Philippines has demonstrated resilience amidst a difficult external environment, in contrast to the regional trend.

In 2013, ADB responded to the government’s call for emergency relief and reconstruction support when a major disaster hit central Philippines. ADB approved $500 million for Emergency Assistance for Relief and Recovery from Typhoon Yolanda to support the government’s additional public spending needs under its recovery program.

The response also includes an emergency grant of $3 million under the Asia Pacific Disaster Response Fund, and a $20 million grant from the Japan Fund for Poverty Reduction for emergency assistance and early recovery work. ADB also assisted the government in the preparation of the Reconstruction Assistance on Yolanda.

Fast Facts

97.40 (2013)
Population in millions

1.5% (2008-2013)
Average annual population growth rate

25.2% (2012)
Population living below the national poverty line