Philippines: News Releases

ADB today signed an agreement to provide a $25 million equity investment to Exacta II, a private equity fund, to provide much-needed investments for small and medium-sized enterprises (SMEs) in Southeast Asia.

ADB has revised its economic growth outlook for the Philippines to 6.4% for 2018 and 6.7% for 2019 as the country’s gross domestic product (GDP) growth softened unexpectedly in the first half of this year.

ADB's Board of Directors has approved a new 6-year country partnership strategy (CPS) that lays out ADB’s support to the Philippine government in achieving its goal of attaining sustained high and inclusive economic growth.

ADB's Board of Directors has approved a $300 million loan to support the Philippine government’s effort to expand financial services across the country.

ADB's Board of Directors has approved a $300 million loan to support the Philippines’ efforts to strengthen the framework under which the private sector can participate in the government’s “Build, Build, Build...

ADB congratulates the Government of the Philippines on the recent signing of the Bangsamoro Organic Law, which grants autonomy to a wider area of the country’s second-largest island region.

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.