A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Southeast Asia's Plans for an Economic Community

ASEAN countries plan to launch a single market for goods, services, capital and labor, potentially one of the largest economies and markets in the world. Read More

Pilot Wastewater Treatment Plant Turned Over to Manila Community

A $60,000 wastewater treatment facility was turned over to a Manila barangay, the first project of its kind to be managed by the community. Read More

Spreading the Benefits of Economic Growth

The Philippines is working to broaden the impact of economic growth by creating opportunities for the poor and investing in the next generation. Watch Video

Overview

The Philippines has demonstrated resilience amidst a difficult external environment, in contrast to the regional trend.

In 2013, ADB responded to the government’s call for emergency relief and reconstruction support when a major disaster hit central Philippines. ADB approved $500 million for Emergency Assistance for Relief and Recovery from Typhoon Yolanda to support the government’s additional public spending needs under its recovery program.

The response also includes an emergency grant of $3 million under the Asia Pacific Disaster Response Fund, and a $20 million grant from the Japan Fund for Poverty Reduction for emergency assistance and early recovery work. ADB also assisted the government in the preparation of the Reconstruction Assistance on Yolanda.

Fast Facts

97.40 (2013)
Population in millions

1.5% (2008-2013)
Average annual population growth rate

25.2% (2012)
Population living below the national poverty line