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:
Prior to the coronavirus disease (COVID-19) pandemic, the Philippines’ economic growth had averaged 6.4% annually from 2010 to 2019, with private consumption, investment, and services as major growth drivers. In 2020, however, gross domestic product fell by 9.5% and the country registered its first recession since the Asian Financial Crisis in 1998. The Asian Development Bank (ADB), which is headquartered in the Philippines, is one of the country’s largest sources of official development assistance, with average annual lending of $1.9 billion over the 5 years to 2020. The bank’s support is aligned with the Philippine Development Plan 2017–2022 and the Government of the Philippines’ Long-Term Vision for the Philippines (AmBisyon Natin 2040).
Ortigas Center is a financial and central business district located at the boundaries of Pasig, Mandaluyong, and Quezon City in the Philippines.
Since 1966, ADB has committed public sector loans, grants, and technical assistance totaling $26.4 billion to the Philippines. Cumulative loan and grant disbursements to the Philippines amount to $20.12 billion. These were financed by regular and concessional ordinary capital resources, and other special funds