Philippines and ADB
In the Spotlight
The two presidents discussed how ADB can support the new Philippine administration's efforts to improve transparency, promote growth, and uplift the lives of the poor.
ADB President Takehiko Nakao met with Philippine Finance Secretary Carlos Dominguez III and Socioeconomic Planning Secretary Ernesto Pernia to congratulate them on their appointments. He expressed support for the new administration’s 10-point Economic Agenda and affirmed ADB’s strong partnership for promoting sustainable economic growth, reducing poverty, and improving the welfare and livelihoods of Filipinos.
Living conditions are improving for people who once struggled to survive as scavengers in the infamous Smokey Mountain dumpsite in Manila, Philippines.
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 Rural Enterprise and Rural Employment Project
- Facilitating Youth School-to-Work Transition Program, Subprogram 1
- Metro Manila Wastewater Improvement Project (formerly Metro Manila Water and Sanitation Development Project)
- Solid Waste Management Sector Project
- Strengthening Public-Private Partnerships in the Philippines (Phase 2)
- Increasing Competitiveness for Inclusive Growth Program (Subprogram 2)
- Local Government Finance and Fiscal Decentralization Reform Program - Subprogram 1
- Emergency Assistance for Relief and Recovery from Typhoon Yolanda
- Strengthening Treasury’s Liquidity Management
- Strengthening Results-Based Human Resource Processes at the Department of Finance
Maternal mortality ratio in Philippines, per 100,000 live births (2015)
Average annual population growth rate in Philippines (2010-2015)
Population in Philippines, in millions (2015)
Population living below the national poverty line in Philippines (2012)