Philippines and ADB
In the Spotlight
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Government Development Plan to Sustain Strong Growth
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.
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ADB's 50th Anniversary Photo Exhibition Opens to Public
A photo exhibition launched in one of Manila's most popular shopping malls brings the history and work of ADB to Filipinos from all walks of life.
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Half a Century of Philippines-ADB Partnership
In a partnership that spanned 50 years, ADB has been listening to the Philippine government and its people, understanding their needs, and responding by delivering solutions to help the country achieve its development goals.
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Can we end poverty in the Philippines through cash transfers?
Pro-poor growth in the Philippines is driven by a growing budget for social assistance programs like conditional cash transfers.
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.
Latest
Continued improvement in global economic prospects helped drive yields lower in most markets in emerging East Asia amid positive investor sentiment.
Asia Bond Monitor - June 2017
Half a Century of Philippines-ADB Partnership
In a partnership that spanned 50 years, ADB has been listening to the Philippine government and its people, understanding their needs, and responding by delivering solutions to help the country achieve its development goals.ADB to Support Urban Development Project in Clark, Philippines
ADB and the Bases Conversion and Development Authority have agreed to partner up in promoting and implementing a new planned urban center in Clark, Philippines.
Projects in the Philippines
Approved/Active
- 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
- Water District Development Sector Project
Closed
- 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
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21.6%
Population living below the national poverty line in Philippines (2015)
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114
Maternal mortality ratio in Philippines, per 100,000 live births (2015)
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103.24
Population in Philippines, in millions (2016)
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1.9%
Average annual population growth rate in Philippines (2011-2016)
