Asian Development Bank approves new 6-year partnership strategy for the Philippines

September 20, 2018

The Asian Development Bank’s (ADB) Board of Directors on Thursday has approved a new six-year country partnership strategy that lays out ADB’s support to the Philippine government in achieving its goal of attaining sustained high and inclusive economic growth.

Under the new strategy, ADB’s programs and projects in the Philippines will focus on three priority areas: accelerating infrastructure and long-term investments, promoting local economic development in Mindanao and Visayas, and investing in people.

“Our country partnershi strategy aims to improve the standard of living of Filipinos, particularly the poorest half of the population, and allow them to feel the benefits of a growing economy through better education, jobs, and income opportunities. Our operations are leveraging resources to support the government’s transformative social and economic agenda,” said ADB Vice-President Stephen Groff. DMS