Philippines and ADB
In the Spotlight
An initiative to improve the quality of elementary school teaching in the Philippines is also raising awareness of how central education is for the development of a country.
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 is among the fastest-growing economies in Southeast Asia, with upgrades to sovereign investment ratings confirming improvements in the country’s macroeconomic fundamentals. The Government of the Philippines has defined its development objectives as driving rapid but inclusive economic growth, accelerating employment on a massive scale, and reducing poverty.
Since 1966, ADB has been a strong partner in the development of the Philippines, its host country. The ADB country partnership strategy, 2011-2016 for the Philippines focuses on improving the investment climate, more effectively delivering social services, and minimizing disaster risks. Weight is also given to strengthening governance, and developing infrastructure through public channels, as well as building on the successes of the government’s public-private partnerships.