Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Philippines as well as concise information on ADB's operations in the country and contact information.
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, the Asian Development Bank (ADB) has been a strong partner in the development of the Philippines, its host country. The ADB country partnership strategy (CPS), 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.