Philippines: News Releases

NEDA and DOF, together with ADB, have signed a memorandum of understanding covering an indicative $7.1 billion sovereign lending program to the Philippines from 2019–2021.

ADB is collaborating with Zero Mass Water and NEA to improve access to quality drinking water in urban and remote areas of the Philippines through the use of a new technology that produces drinking water from sunlight and air.

Development stakeholders from the Asia and Pacific region started arriving today at ADB headquarters in Manila, Philippines for the 51st Annual Meeting of ADB’s Board of Governors.

ADB signed an agreement with Maybank, under ADB’s Microfinance Risk Participation and Guarantee Program, to expand local currency lending and provide guarantee of up to $20 million to the microfinance sector in Myanmar.

The Philippines’ economic growth is expected to sustain its quick pace in 2018 and 2019 as the government’s infrastructure program is rolled out, says a new ADB report.

ADB President Takehiko Nakao participated in the 21st Association of Southeast Asian Nations (ASEAN) Finance Ministers’ and Central Bank Governors’ Meetings in Singapore on 5-6 April.

ADB today signed a loan equivalent of up to $235 million with B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of ASEAN.

The IPIF, supported by ADB, has contracted out the first of three consulting packages to help the Philippine government prepare several complex infrastructure projects worth more than $11 billion.

ADB signed an agreement with the Philippine National Oil Company (PNOC) to act as transaction advisor for the Philippines’ first liquefied natural gas (LNG) hub project in Batangas.

ADB has appointed Kelly Bird as its new Country Director for the Philippines.