Philippines and ADB
In the Spotlight
A new 6-year country partnership strategy maps out ADB’s support to the Philippine government in achieving its twin goals of becoming an upper-middle income country and reducing poverty incidence.
In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2018, ADB’s revised outlook for the Philippines—from 6.8% in 2018 and 6.9% in 2019—reflects a moderation in agricultural output and exports, as well as higher inflation and continued global monetary tightening.
Years of conflict and illegal logging have left swathes of land in the Philippine island of Mindanao in a poor state, but community involvement and modern farming practices introduced by companies like Coffee for Peace are now bringing change. Watch video
Young Rubysol Blasé, known to friends and family as Beetle, tells the story of how in Barangay Katipunan, a small village on Siargao Island in the Philippines, the entire community comes together to decide on what they need to protect and improve the environment they live in.
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 (COBP), 2018–2020 closely aligns with the recently released Philippine Development Plan (PDP), 2017–2022.
The Philippines is part of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).
Projects in the Philippines
- Strengthening Integrated Flood Risk Management
- Asian Development Outlook 2019–2021
- Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure
- Strengthening Knowledge and Actions for Air Quality Improvement
- Southeast Asia Energy Sector Development, Investment Planning and Capacity Building Facility
- Facilitating Youth School-to-Work Transition Program (Subprogram 1)
- Local Government Finance and Fiscal Decentralization Reform Program, Subprogram 2
- Encouraging Investment through Capital Market Reforms Program (Subprogram 1)
- Expanding Private Participation in Infrastructure Program, Subprogram 1
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2016 (Subproject 1)