Philippines and ADB
In the Spotlight
Living conditions are improving for people who once struggled to survive as scavengers in the infamous Smokey Mountain dumpsite in Manila, Philippines.
This analysis of the economic recovery of households in the Philippines badly affected by typhoon Haiyan (Yolanda) explores how microfinance can improve its role before and after such disasters hit.
The Coral Triangle is one of the world's richest areas of marine life. Unfortunately, unsustainable and destructive methods are threatening this marginal ecosystem.
Since its creation in 1966, ADB has been one of the key development partners of the Philippines. From 1969 to 2010, ADB approved loans amounting to $12.4 billion for the Philippines, of which almost 80% financed projects in agriculture and natural resources, energy, finance, public sector management, and transport and information and communication technology.
The Philippines is among the fastest-growing economies in Southeast Asia, with upgrades to sovereign investment ratings confirming improvements in the country’s macroeconomic fundamentals. The Government of the Philippines has defined its development objectives as driving rapid but inclusive economic growth, accelerating employment on a massive scale, and reducing poverty.
Since 1966, ADB has been a strong partner in the development of the Philippines, its host country. The ADB country partnership strategy, 2011-2016 for the Philippines focuses on improving the investment climate, more effectively delivering social services, and minimizing disaster risks. Emphasis is also given to strengthening governance, developing infrastructure through public channels, and building on the successes of public-private partnerships. Developing the finance sector is an emerging priority.
Read the ADB and Philippines fact sheet.
Projects in the Philippines
- Enhancing Access to Quality Early Childhood Education Services for Children in Poor Communities (formerly Early Childhood Development Project)
- Solid Waste Management Sector Project
- Capacity Development of Financial Regulators
- Strengthening Transparency and Accountability in the Road Subsector
- Structuring a Public-Private Earthquake Insurance Pool in the Philippines
Population in Philippines, in millions (2015)
Maternal mortality ratio in Philippines, per 100,000 live births (2015)
Average annual population growth rate in Philippines (2010-2015)
Population living below the national poverty line in Philippines (2012)