Asian Development Bank (ADB) president Masato Kanda has secured a full five-year term at the helm of the Manila-based multilateral lender after winning unanimous support from its member economies. In a statement on Tuesday, Sept. 1, the ADB said members of its board of governors unanimously...
The world’s largest multilateral development banks (MDBs) and international financial institutions (IFIs) are seeking increased investments in fertilizer production, storage, transportation, and other infrastructure to shield global food security from future supply shocks. In a joint statement...
The Philippines stood out in a regional study by the Asian Development Bank (ADB) for reducing all three forms of deprivation it tracked, although Filipinos in rural areas remain more likely to face hardships than their urban counterparts. In its “ Key Indicators for Asia and the Pacific 2026:...
The Asian Development Bank (ADB) stepped up support for private-sector-led development in its host country, the Philippines, last year, backing projects ranging from Maynilad Water Services Inc.’s landmark initial public offering (IPO) to digital lending through GCash as part of a broader push to...
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...
