Philippines

Inclusive Growth through Better Governance and Partnerships

Growth in the Asia and Pacific region is strong, but growth alone is not enough for the region to succeed in an era of global change, ADB's President said in his annual address to the Board of Governors. Read More

Setting the Table

How can we ensure everyone has enough to eat amid growing demands or more food, feed and fuel? Read More

Governors' Seminar: How Can Asia Respond to the Global Economic Crisis

A global slowdown can have spillover effects on Asia's economies. How can the region rebalance, diversify and ensure everyone benefits from the boom? Read More

Fast Facts: ASEAN Infrastructure Fund

By establishing the ASEAN Infrastructure Fund, ASEAN would be taking a major step towards investing more if its resources in its own development needs. Read More

Overview

The Philippines has shown economic resilience amidst recent external shocks. The country’s sovereign credit ratings were upgraded in 2011, noting progress on fiscal consolidation, a strong external position, and macroeconomic stability. Weak economic recovery in advanced economies has dampened exports in 2011, slowing gross domestic product growth to 3.7%.

ADB's new 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.