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

Fact Sheet

Proposed Projects

27 Mar 2013 46441-001: Climate Resilience and Green Growth in Critical Watersheds
26 Mar 2013 45089-001: Education Improvement Sector Development Program
25 Mar 2013 41076-045: Second Road Improvement & Institutional Development Project
25 Mar 2013 46420-002: Community-Driven Development Support Project
19 Mar 2013 45146-002: Solid Waste Management Sector Project
View all proposed

Approved Projects

10 Apr 2013 41060-012: Harmonization and Development Effectiveness
8 Apr 2013 43205-012: Support to Local Government Revenue Generation and Land Administration Reforms
4 Apr 2013 43906-014: VISAYAS BASE-LOAD POWER PROJECT
27 Mar 2013 37917-014: PHI: EQUITY INVESTMENT IN LGU GUARANTEE CORPORATION (LGUGC)
27 Mar 2013 42196-012: Decentralized Framework for Sustainable Natural Resources and Rural Infrastructure Management
View all approved

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

Publications

Apr 2013 Asian Development Bank and Philippines: Fact Sheet

Apr 2013 ADB Accountability Mechanism: Annual Report 2012

Apr 2013 ADB Annual Report 2012

View all publications

News Releases

1 May 2013 ASEAN Infrastructure Fund Readies $1 Billion Pipeline for Lending Operations
22 Apr 2013 ADB Assistance Tops $21.5 Billion in 2012
9 Apr 2013 Asia's Future Prosperity Requires Major Change in Energy Use
9 Apr 2013 Philippines Growth Strong But More and Better Jobs Required
9 Apr 2013 Developing Asia's Growth Steps Up to 6.6% in 2013
View all news releases

Featured Project

 
E-Trikes - Driving Change

Development Effectiveness

June 2012
Philippines: A New Horizon for One of Asia's Most Promising Nations

Quick Links

Fact Sheet
Economic Data

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