Philippines and ADB
In the Spotlight
Cybercafés arise as small urban businesses but are not financially viable in rural areas. Telecenters are a governmental response, modeled after cybercafés, to try to bring the benefits of computers and the internet to underserved rural communities.
More than 25 million students work in improved schools and colleges across Asia and the Pacific due to ADB loans and grants since 2010.
ADB is ready to assist the Philippine government to deliver on its ambitious Build, Build, Build infrastructure program, including a $100 million loan to fast track priority projects in transport and water system management, ADB President Takehiko Nakao told a Philippine Transport Forum
Gross domestic product (GDP) growth of the Philippines will remain strong in 2017, driven mainly by public and private investment, says a new ADB report.
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, 2017-2019 will help the government achieve more inclusive growth and address income inequalities and regional disparities.
The Philippines is part of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).
Read the ADB and Philippines fact sheet.
Projects in the Philippines
- Strengthening Infrastructure Capacity and Innovation for Inclusive Growth
- Facilitating Youth School-to-Work Transition Program (Subprogram 1)
- Local Government Finance and Fiscal Decentralization Reform Program, Subprogram 2
- Strengthening Tax and Fiscal Policy Capacity for Inclusive Growth
- Financial Inclusion Framework Strengthening
- Expanding Private Participation in Infrastructure Program, Subprogram 1
- Encouraging Investment through Capital Market Reforms Program (Subprogram 1)
- Strengthening Institutions for Investments in Mindanao
- Increasing Competitiveness for Inclusive Growth Program (Subprogram 2)
- Teach for the Philippines
Average annual population growth rate in Philippines (2011-2016)
Population in Philippines, in millions (2016)
Population living below the national poverty line in Philippines (2015)
Maternal mortality ratio in Philippines, per 100,000 live births (2015)