Philippines and ADB
In the Spotlight
Nearly two years after Typhoon Haiyan devastated a large area of central Philippines, affected-communities are getting back on their feet as efforts progress from recovery to reconstruction. ADB supports government-led interventions to restore, repair and rebuild critical infrastructure to more disaster-resilient standards and help communities 'Build Back Better.'
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ADB Chief Economist Shang-Jin Wei discusses the impact of this week's decision by the People’s Bank of China to loosen the renminbi exchange rate.
ADB stands ready to boost its sovereign lending from the present $1.8 billion over the 3 years 2015 to 2017, to about $3 billion (or 66% higher) between 2016 and 2018 using ADB’s expanded lending capacity.
In the Philippine island of Bohol, cash grants from an ADB-supported project are helping the Ewican family support their children through school, and learn how to be more responsible citizens who are aware of their rights and those of others. Learn more about the project.
The ADB-sponsored program is offering millions of Filipinos a possible way out of the cycle of poverty.
More than 4,000 volunteers helped clean about 40 kilometers of beaches in the southern Philippines to celebrate Coral Triangle Day on June 9.
Bislig Elementary School in the Philippines’ province of Leyte begins another school year today. Badly damaged by Typhoon Yolanda in 2013, the school is well on its way to full recovery, having graduated its first class after the disaster in March 2015. The story of young survivor Honeylette Molina, who finished at the top of the class, demonstrates that natural catastrophes can take lives, destroy buildings and livelihoods, but these cannot break the human spirit and the desire to succeed.
An initiative to improve the quality of elementary school teaching in the Philippines is also raising awareness of how central education is for the development of a country.
In the village of Mangoroco in Iloilo Province, Philippines, a community-driven development approach has had wider benefits beyond the infrastructure produced: working together fostered a resilience that saved local people from the wrath of Typhoon Haiyan. Subscribe now to ADB's Youtube Channel.
Growth in the Philippine economy is set to pick up in 2015 as government expenditure expands and both private consumption and investment remain strong, says a new ADB report.
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. Weight is also given to strengthening governance, and developing infrastructure through public channels, as well as building on the successes of the government’s public-private partnerships.
Projects in the Philippines
- Integrated Natural Resources and Environmental Management Project
- Senior High School Support Program
- KALAHI-CIDSS National Community-Driven Development Project
- Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
- Enhancing Capacities for the KALAHI–CIDSS National Community-Driven Development Project
- Emergency Assistance for Relief and Recovery from Typhoon Yolanda
- Strengthening Institutions for an Improved Investment Climate
- Design of a Pilot Project to Improve Environmental Conditions of Estero de Paco
- Strengthening Treasury’s Liquidity Management
- Strategic Policy Actions for Successful Structural Transformation and Inclusive Growth