Philippines and ADB
In the Spotlight
Erikagen Inc., an inclusive business company that runs the Generika Drugstores in the Philippines, now serves thousands of customers across the country, providing affordable generic medicines and quality healthcare services while still turning a profit
“The partnership between the ADB and the Philippines has been an especially fruitful one. The Bank has been a reliable and responsive partner in mobilizing resources and technical support needed for our development." Read more
ADB is working with the Philippines to modernize Manila's water supply and reduce the risk of water shortages as demand rises in tandem with the city's booming population.
As the Philippine government ramps up infrastructure investment, ADB is helping agencies improve project preparation, speed up approvals, shorten start-up times, and deliver faster. Learn more about the ADB-Philippines Partnership Strategy
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
- 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)
- Strengthening Institutions for Investments in Mindanao