Asian Development Bank and the Philippines: Fact Sheet
ADB’s country partnership strategy for the Philippines focuses on accelerating infrastructure and long-term investments, promoting local economic development, and investing in people.
ADB is one of the country’s largest sources of official development assistance, with average annual lending of about $800 million over the past 10 years. The bank’s cumulative assistance to the Philippines has reached $19.3 billion in public sector loans, grants, and technical assistance.
In 2019, ADB is rolling out its biggest investment in the Philippines—the Malolos–Clark Railway Project. The project will be one of several projects and programs in a pipeline expected to reach around $3 billion for 2019. Lending operations for the year focus on climate resilient infrastructure development to meet expanding demand and raise the country’s competitiveness. Phased initiatives to improve local governance, youth employment, economic corridor planning, urbanization and regional connectivity, access to finance, and effective disaster risk management complete the planned development program for the Philippines.
Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Philippines as well as concise information on ADB's operations in the country and contact information.