Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Asian Companies Making Profits and Helping the Poor

Profit-making companies that provide solutions to the problems of the poor are important new players in the world of international development. Read More

Firm Growth to Continue in Philippines, But Job Creation a Critical Challenge

The Philippine economy is expected to continue its strong growth in 2014 and 2015 as it reaps the rewards of improving business confidence and rising investment, says a new ADB report. Read More

Contagion Risks Loom for Asia's Bond Markets

Risks to the region's financial markets are increasing and countries need to be prepared, warns ADB’s latest report. Read More

Overview

The Philippines has shown resilience amid the global economic slowdown. The country achieved its first investment-grade credit ratings in 2013 and a higher ranking in the global competitiveness survey.

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.

ADB is also assisting the Philippines for immediate relief and post-disaster reconstruction and rehabilitation of communities devastated by Typhoon Yolanda, also known internationally as Typhoon Haiyan.

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