The World Bank Group and the Asian Development Bank (ADB) have launched their first joint projects under an unprecedented co-financing model designed to accelerate development in the Pacific while cutting red tape for governments long burdened by lengthy, overlapping procedures.
The Asian Development Bank (ADB) has approved a USD400 million policy-based loan to overhaul the Philippines’ insurance sector, with the goal of improving efficiency, encouraging broader participation, and fueling stronger economic growth.
The Asian Development Bank (ADB) projects solid growth for the Philippines through next year, with its ability to navigate rough global waters underscored in the slight downward revision of its 2026 outlook.
The Asian Development Bank (ADB) has appointed Andrew Jeffries as its new Country Director for the Philippines. He assumes his new role on Monday, August 18.
The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines combat hunger, food insecurity, and undernutrition—particularly among the country’s poorest households—as climate and disaster risks continue to escalate.
The Department of Public Works and Highways (DPWH) will create a “green lane” to speed up the completion of major infrastructure projects by prioritizing qualified and legitimate contractors.
The Philippines recorded a balance of payments (BOP) deficit of $373 million in January 2026, reflecting a shortfall in the country’s transactions with the rest of the world at the start of the year.
Leaders from the Philippines and Japan called for broader and more ambitious collaboration as the 42nd Joint Meeting of the Philippines-Japan Economic Cooperation Committee convened in Taguig City on February 19.