Tag: ADB
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ADB trims Philippine growth forecast amid flood-control probes
The Asian Development Bank (ADB) has downgraded its growth forecast for the Philippine economy for this year and in 2026, contrasting with its upward revisions for the rest of developing Asia. The Manila-based regional lender cited reduced public infrastructure spending following investigations into controversial flood-control projects as a key drag on economic momentum.
ADB, World Bank unite to accelerate Pacific growth
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.
ADB greenlights USD400M push to reform insurance sector
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.
Strong demand, mild inflation to sustain Philippine economy—ADB
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.
ADB appoints Jeffries as Philippine director
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.
