Cash Transfers Generate Education, Health Dividends

ADB supports the Philippine government 's conditional cash transfer program, which provides a monthly allowance to very poor families who commit to send their children to school and bring them to clinics for preventive health care. Read More

Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Philippines Growth Strong, But More and Better Jobs Required

The Philippine economy is expected to sustain strong growth in 2013 and 2014, but the challenge is to make growth more inclusive, says the Asian Development Outlook 2013. Read More

Overview

The Philippines has shown resilience amid the global economic slowdown. Sustained growth in private consumption, a recovery in government spending, and positive net exports lifted growth in gross domestic product to 6.6% in 2012.The government has stepped up public spending, particularly in infrastructure. The country’s sovereign credit ratings have been raised to within a notch of investment grade, noting progress on fiscal consolidation, a strong external position, and macroeconomic stability.

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.

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

ADB Lending

Amount ($M) / %
Sector (No. of loans)
2,009.02 / 14.84
Agriculture (60)
 
252.06 / 1.86
Education (8)
 
3,384.70 / 25.00
Energy (32)
 
1,366.00 / 10.09
Finance (22)
 
367.41 / 2.71
Health (7)
 
225.82 / 1.67
Industry and Trade (12)
 
2,728.00 / 20.15
Public Sector (10)
 
1,463.85 / 10.81
Transport and ICT (30)
 
1,042.86 / 7.70
Water Supply (27)
 
701.20 / 5.18
Multisector (8)
 
13,540.93 / 100.00
TOTAL (216)
Cumulative as of 31 December 2012