ADB's Work in the Philippines
Shareholding and Voting Power
Number of shares held:
252,912 (2.377% of total shares)
292,026 (2.196% of total membership, 3.372% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The Philippines has maintained its position as one of the fastest-growing economies in Southeast Asia in recent years, with average annual gross domestic product growth at 6.3% since 2010 against 4.5% in 2000 to 2009.
ADB has been a strong partner in the development of the Philippines, the bank’s host country, and is one of its largest sources of official development assistance, with average annual lending of $952 million over the past 10 years to 2019.
Ortigas Center is a financial and central business district located at the boundaries of Pasig, Mandaluyong, and Quezon City in the Philippines.
The Philippine government wants to attain upper middle-income status in 2020, rooted on inclusive growth, a socially responsible society, and a globally competitive economy. In its Philippine Development Plan 2017–2022, the government placed emphasis on addressing underinvestment in infrastructure, tackling poverty and income inequality, and reducing regional growth disparities.
Since 1966, ADB has committed public sector loans, grants, and technical assistance totaling $21.9 billion to the Philippines.