Resilient Asian Bonds Face Looming Risks

Asia's bond markets continue to expand but tough times lie ahead, says a newly released report. Read More

Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Overview

The Philippines has shown resilience amid the global economic slowdown. Sustained growth in private consumption, a recovery in government spending, and positive net exports lifted growth in gross domestic product to 6.6% in 2012.The government has stepped up public spending, particularly in infrastructure. The country’s sovereign credit ratings have been raised to within a notch of investment grade, noting progress on fiscal consolidation, a strong external position, and macroeconomic stability.

ADB's partnership with the Philippines aims to help the country achieve high, inclusive, and sustainable growth, and will focus on infrastructure, public sector management, environment, and education.

Fast Facts

95.77 (2012)
Population in millions

1.7% (2010-2012)
Annual population growth rate

26.5% (2009)
Population living below the national poverty line

Fact Sheet

Proposed Projects

30 Sep 2013 46362-001: Angat Water Transmission Improvement Project
30 Sep 2013 46441-001: Climate Resilience and Green Growth in Critical Watersheds
25 Sep 2013 43207-013: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
18 Sep 2013 44253-013: Local Government Finance and Fiscal Decentralization Reform Program
18 Sep 2013 47142-001: Enhancing Capacities for the National Community-Driven Development Program
View all proposed

Approved Projects

5 Aug 2013 47212-001: Strengthening Results-Based Human Resource Processes at the Department of Finance
4 Jul 2013 47193-001: Support for Data Management for Performance Reporting and Assessment
10 Jun 2013 44253-012: Local Government Finance and Fiscal Decentralization Reform Program
12 Apr 2013 46429-001: Supporting Capacity Development for the Bureau of Internal Revenue (BIR)
13 Mar 2013 46947-012: AIR QUALITY MANAGEMENT FOR THE VISAYAS BASE-LOAD POWER DEVELOPMENT PROJECT
View all approved

ADB Lending

Amount ($M) / %
Sector (No. of loans)
2,009.02 / 14.84
Agriculture (60)
 
252.06 / 1.86
Education (8)
 
3,384.70 / 25.00
Energy (32)
 
1,366.00 / 10.09
Finance (22)
 
367.41 / 2.71
Health (7)
 
225.82 / 1.67
Industry and Trade (12)
 
2,728.00 / 20.15
Public Sector (10)
 
1,463.85 / 10.81
Transport and ICT (30)
 
1,042.86 / 7.70
Water Supply (27)
 
701.20 / 5.18
Multisector (8)
 
13,540.93 / 100.00
TOTAL (216)
Cumulative as of 31 December 2012

Publications

Oct 2013 Asian Development Outlook 2013 Update: Governance and Public Service Delivery

Sep 2013 Safety Nets and Food Programs in Asia: A Comparative Perspective

Sep 2013 Asia Bond Monitor - September 2013

View all publications

News Releases

2 Oct 2013 Philippine Economy Surging But Job Creation Lags
2 Oct 2013 Developing Asia Slowing Amid Global Financial Jitters
2 Oct 2013 Asia Must Step Up Governance Reforms to Sustain Growth and Development
26 Sep 2013 Rising Risks to Emerging East Asia's Local Currency Bonds - ADB Report
21 Aug 2013 Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report
View all news releases

Featured Project

 
E-Trikes - Driving Change

Development Effectiveness

June 2012
Philippines: A New Horizon for One of Asia's Most Promising Nations

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