Philippines and ADB
In the Spotlight
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.
Twelve students have been announced as winners in a Philippine drawing competition organized by ADB to mark International Women’s Day and Gender Month in March, as well as the 20th anniversary of the Beijing Declaration and Platform for Action for Women's Empowerment. View winning entries.
Juan Directioners, Filipino fans of the pop band One Direction, spark a different wave of fandom by raising awareness of the environmental value of coastal and marine conservation.
Estero de Paco was the first tributary of Manila's Pasig River to be rehabilitated. The local community is now maintaining the creek and its surroundings clean with the help of a wastewater treatment facility built under an ADB-supported project.
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 has demonstrated resilience amidst a difficult external environment, in contrast to the regional trend.
In November 2013, ADB responded to the government's call for emergency relief and reconstruction support after Typhoon Yolanda (Haiyan) hit central Philippines. ADB designed and approved more than $900 million in assistance for relief, recovery, and reconstruction of affected areas. In February 2014, ADB also opened the Extended Mission to Yolanda-Affected Areas in Tacloban City.
ADB's country partnership strategy, 2011 to 2016 for the Philippines targets governance reforms and measures to drive broad-based growth and poverty reduction efforts.