Philippines and ADB
In the Spotlight
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
On development assignment at ADB's Extended Mission to Yolanda-Affected Areas in Tacloban City, ADB staff Karen Baydo shares her joy at being able to take part in rebuilding the Visayas region, particularly her home province of Eastern Samar, in the Philippines.
One year after Typhoon Yolanda hit central Philippines, the green shoots of recovery are growing stronger and communities are rebuilding their lives.
The Philippines has demonstrated resilience amidst a difficult external environment, in contrast to the regional trend.
In 2013, ADB responded to the government's call for emergency relief and reconstruction support when a major disaster hit central Philippines. ADB approved $500 million for Emergency Assistance for Relief and Recovery from Typhoon Yolanda to support the government’s additional public spending needs under its recovery program.
The response also includes an emergency grant of $3 million under the Asia Pacific Disaster Response Fund, and a $20 million grant from the Japan Fund for Poverty Reduction for emergency assistance and early recovery work. ADB also assisted the government in the preparation of the Reconstruction Assistance on Yolanda.
97.40(2013) Population in millions
1.5%(2008-2013) Average annual population growth rate
25.2%(2012) Population living below the national poverty line