The Philippines is seeking a $100-million loan from the Asian Development Bank (ADB) to expand solar-powered irrigation systems nationwide, providing small farmers with year-round access to water while improving farm productivity and resilience to drought. The latest ADB documents showed that the...
The Philippines has made significant progress in expanding universal health care (UHC), but inadequate government financing, high out-of-pocket costs, and severe shortages of health facilities and workers continue to constrain access to quality medical services, according to the Asian Development...
The Philippines has secured a bigger $750-million loan from the Asian Development Bank (ADB) to expand universal health care (UHC) as higher oil prices and supply disruptions due to the prolonged war in the Middle East widen the government’s financing requirements. In a statement issued on...
The Philippines needs to deepen its pool of advanced financial technology (fintech) talent, particularly in artificial intelligence (AI) and cybersecurity, despite having an established information technology and business process management (IT-BPM) sector and a large base of English-proficient...
The Philippines is set to secure $1.5 billion in fresh loans from the World Bank and the Asian Development Bank (ADB) to deepen its financial markets, broaden access to capital, and mobilize more private-sector financing. The larger financing is the forthcoming $1-billion Philippines Private...
The Philippines is lining up another $3.5 billion in loans from the Asian Infrastructure Investment Bank (AIIB), the Asian Development Bank (ADB), and the World Bank, based on preliminary project documents, adding to the previously identified $8.9-billion indicative pipeline of multilateral...
Three multilateral lenders are expected to greenlight up to $8.9 billion, equivalent to about ₱549 billion, in new loans over the next two years before the Philippines’ upper-middle-income-country (UMIC) status limits the country’s access to concessional financing in the coming years....
The ongoing war in the Middle East continues to “ substantially ” weigh on the Philippine tourism industry, although strong domestic tourism has helped cushion the impact, according to the Department of Tourism (DOT). Speaking during the 117th Asian Impact Webinar organized by the...
The Asian Development Bank (ADB) has revamped its crisis response toolkit to help developing Asia-Pacific economies respond more quickly to energy supply disruptions and food price shocks stemming from the ongoing Middle East conflict, while strengthening resilience against future crises. In a...
Redeveloping the Pasig River Corridor into a continuous network of parks, esplanades, and other public open spaces could yield ₱6 to ₱8 in economic, environmental, health, as well as social benefits for every ₱1 invested, according to consultants’ reports prepared for the Manila-based Asian...
Multilateral development banks (MDBs), including the Manila-based Asian Development Bank (ADB) and the Washington-based World Bank Group (WBG), increased climate financing to a record $163 billion in 2025, reinforcing their role in supporting resilient and sustainable economies amid mounting...
The Asian Development Bank (ADB) slashed its Philippine economic growth forecast to 3.8 percent this year, which, if realized, would be the country’s slowest post-pandemic expansion amid delayed investments, higher inflation, and risks from climate shocks. In its Asian Development Outlook (ADO)...
