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Philippines and ADB

ADB's partnership strategy for the Philippines focuses on accelerating infrastructure and long-term investments, promoting local economic development, and investing in people.

In the Spotlight

Video

New Lab Scales up Philippines' COVID-19 Testing Capacity

A new laboratory set up with ADB support will significantly increase the Philippines' testing capacity for the COVID-19 disease by 3,000 tests a day.

Article

For poor Filipinos during the pandemic, Bayan Bayanihan brings food and hope

ADB's food distribution program for Metro Manila and nearby areas reaches more than 100,000 needy households. affected by community quarantine due to COVID-19.

News Release

ADB Approves $1.5 Billion Financing to Support the Philippines' COVID-19 Response

ADB has approved a $1.5 billion loan to help the Philippine government fund its novel coronavirus disease (COVID-19) response program and strengthen the country’s health care system in its fight against the pandemic.

News Release

ADB Approves $200 Million Loan to Support the Philippines' Poor Amid COVID-19

The loan is part of ADB’s comprehensive support to the Philippines to mitigate the damaging effects of the pandemic on the economy and well-being of Filipinos.

Handog sa hapag-kainan ng Pamilyang Pilipino

A partnership between the Asian Development Bank, the Government of the Philippines, and the private sector, in coordination with the Philippine Army, for families affected by COVID-19.
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Economic Forecast

Economic growth for the Philippines is projected to fall to 2.0% in 2020 before a strong recovery to 6.5% in 2021, assuming the COVID-19 outbreak is contained by June of this year.

The government has taken decisive action by instituting social distancing to stop the spread of COVID-19. However necessary, these enhanced community quarantine measures will weigh heavily on domestic demand. Following a sharp rise in reported cases of COVID-19 and incidences of local transmission, the government enforced community quarantine in Metro Manila on 15 March. It shortly expanded community quarantine to the entire island of Luzon, home to over half of the population and the generator of over 70% of GDP.


Poverty in the Philippines

Development indicators for the Philippines, including a selection of economic, environmental, and social indicators used globally to track progress toward the Sustainable Development Goals.


Results of ADB-Supported Operations, 2010-2018

Results achieved are aggregate amounts of outputs and outcomes from operations reported in project completion reports and extended annual review reports circulated for the year.


Projects Cofinanced, 2014-2018

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.


Project Performance, 2000-2018

ADB Projects in the Philippines

Project Results

News

08 May 2020 | News Release

ADB-Funded Laboratory to Scale Up COVID-19 Testing in the Philippines

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...

27 Apr 2020 | News Release

ADB Approves $200 Million Loan to Support the Philippines' Poor Amid COVID-19

ADB today approved a $200 million loan to support the Philippine government’s effort to provide emergency cash subsidies to vulnerable households amid the novel coronavirus disease (COVID-19) pandemic.

24 Apr 2020 | News Release

ADB Approves $1.5 Billion Financing to Support the Philippines' COVID-19 Response

ADB has approved a $1.5 billion loan to help the Philippine government fund its novel coronavirus disease (COVID-19) response program and strengthen the country’s health care system in its fight against the pandemic.

03 Apr 2020 | News from Country Offices

Philippine GDP Growth to Slide in 2020 Due to COVID-19, Strong Rebound Seen in 2021 — ADB

The Philippines’ economic growth will slow significantly this year before a strong rebound in 2021, with expansionary fiscal and monetary policies partly offsetting slower domestic demand and disruptions in tourism, trade, and...

Contact

Philippines Country Office (PhCO)

6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

  Office Hours: 9:00 a.m. to 6:00 p.m. (Monday to Friday)

  +63 2 683 1000
  +63 2 683 1030
  E-mail
 ADBPhilippines
 @ADBPhilippines

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