Philippines gets $6.02B from ADB in 2024
In 2024, the Philippines received $6.02 billion in financial assistance from the Asian Development Bank (ADB), making it the second-largest recipient after India.
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Asian Development Bank
The Asian Development Bank (ADB) is a key financial institution supporting infrastructure projects in the Philippines, such as the Malolos-Clark Railway Project. ADB also plays a crucial role in financing various sectors like healthcare and food security, aiming to boost economic growth and regional integration. However, challenges like political interference and regulatory risks continue to affect foreign investments in public-private partnerships (PPPs) within the country.
This is an AI-generated summary based on recent coverage.
Last updated at April 24, 2025.
Recent stories about Asian Development Bank
P74.6B food stamp project approved for poor families
On Thursday, April 24, the National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., approved a P74.6-billion food stamp project for poor Filipino families.
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ADB approves $1.45B loan for Malolos-Clark Railway Project
The Asian Development Bank (ADB) has approved a $1.45-billion loan as the second and final tranche for the Malolos-Clark Railway Project, which is part of a larger initiative to develop a world-class mass transportation system in the Philippines.
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DoTr delays full NSCR operations by four years
The Department of Transportation (DoTr) announced a four-year delay in the full operations of the North-South Commuter Railway (NSCR), pushing back its initial target completion date from 2027 to sometime after that.
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Lawyers file SC petition for vaccine procurement info
A group of lawyers, led by former solicitor general Jose Anselmo Cadiz, filed a petition with the Supreme Court on Thursday to request government agencies to disclose information about the procurement of COVID-19 vaccines from 020 to 2022.
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BSP cuts key rate by 25bps to 5.50%, forecasts lower inflation
The Bangko Sentral ng Pilipinas (BSP) reduced its key interest rates by 25 basis points to 5.50 percent on Thursday, April 10, in response to potential economic risks from US President Donald Trump's tariffs and other global headwinds.
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ADB cuts Philippine growth forecast to 6%
The Asian Development Bank (ADB) has revised its Philippine economic growth forecast for 2025 downward to 6%, down from a previous estimate of 6.2%. Despite this slight reduction, the economy is still expected to be one of the fastest-growing in Southeast Asia, second only to Vietnam and Cambodia.
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Supreme Court petition challenges NAIA rehab contract's constitutionality
Lawyers and legal experts have petitioned the Supreme Court to declare unconstitutional and illegal a concession contract awarded to New NAIA Infra Corporation (NNIC) for the rehabilitation of Ninoy Aquino International Airport (NAIA).
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Marcos lauds ADB for economic support during courtesy call
President Marcos praised the Asian Development Bank (ADB) for its significant contribution to the Philippines' economic development during a courtesy call with newly elected ADB President Kanda Masato at Malacañang on Wednesday, February 26.
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ADB appoints Masato Kanda as 11th president, succeeding Asakawa
On Monday, February 24, 2025, the Asian Development Bank (ADB) announced Masato Kanda as its new president, succeeding Masatsugu Asakawa.
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