Philippines and ADB
In the Spotlight
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Strong Domestic Demand to Fuel Faster Philippine Growth in 2019 — ADB
The Philippines’ economic growth is likely to quicken this year as strong domestic investment and consumption are expected to offset slowing demand from advanced economies and possible farm losses due to the dry spell brought about by the El Niño weather phenomenon. In a new report, ADB projects Philippine gross domestic product (GDP) growth at 6.4% in 2019 and 2020, up from 6.2% in 2018.
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ADB Invests $20 Million in AC Energy Climate Bond to Finance Regional Clean Energy Projects
ADB has invested $20 million in a Philippine energy company’s maiden climate bond issuance. The landmark public listing of AC Energy’s bond will be the first Climate Bond Initiative certified US dollar climate bond in Southeast Asia listed on the Singapore Stock Exchange.
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Reformed School Curriculum Helps Filipino Students Find Jobs
In 2013, the Philippines reformed its basic education program, extending the pre-university education from 10 to 12 years, starting from Kindergarten to Senior High School – also called K to 12. The Asian Development Bank provided financial support to the K to 12 reform.
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The Marawi Relief Effort: $408 Million ADB Support for a City in Need of Rebuilding
ADB approved a $408 million financing package to assist the government in rebuilding and rehabilitating the southern Philippine city of Marawi and help residents regain their livelihoods.
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 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 country operations business plan, 2019–2021 is aligned with ADB's country partnership strategy, 2018–2023 for the Philippines.
The Philippines is part of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).
Latest
This paper examines the effectiveness of capital account policies for 11 emerging Asian economies from 2000 to 2015.
Macroprudential Policy in Asian Economies
ADB’s country partnership strategy for the Philippines focuses on accelerating infrastructure and long-term investments, promoting local economic development, and investing in people.
Asian Development Bank and the Philippines: Fact Sheet
This report explains how proven methods of land value capture can help fund sustained urban transit investment in developing countries in Asia.
Sustaining Transit Investment in Asia’s Cities: A Beneficiary-Funding and Land Value Capture Perspective
Projects in the Philippines
Proposed
Approved/Active
- Strengthening Human Resources and Leadership for Education
- Support for Human and Social Development in Southeast Asia
- Developing an Accountability Mechanism Framework for Financial Intermediaries
- AC Energy Green Bond Project
- Developing Anti-Money Laundering and Combating the Financing of Terrorism Approaches, Methodologies, and Controls (Subproject B)
Closed
- Inclusive Finance Development Program (Subprogram 1)
- Facilitating Youth School-to-Work Transition Program (Subprogram 1)
- Local Government Finance and Fiscal Decentralization Reform Program, Subprogram 2
- Expanding Private Participation in Infrastructure Program, Subprogram 1
- Encouraging Investment through Capital Market Reforms Program (Subprogram 1)
