Asian Development Bank

The Asian Development Bank (ADB) is a major financial institution supporting infrastructure and development projects in Asia, including significant initiatives in the Philippines. ADB has committed substantial funding for various Philippine projects such as the Bataan-Cavite Interlink Bridge, geothermal de-risking facilities, rice sector improvements, and marine ecosystem conservation. Despite recent economic challenges, ADB continues to invest in the Philippines, aiming to enhance infrastructure, promote sustainable practices, and support economic growth.

This is an AI-generated summary based on recent coverage.
Last updated at August 2, 2025.

Recent stories about Asian Development Bank

Marcos: Bataan-Cavite Bridge construction starts by yearend

President Ferdinand 'Bongbong' Marcos Jr. announced on Monday that construction for the Bataan-Cavite Interlink Bridge project, one of the world's longest maritime bridges, will begin before the end of 2025.
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AMRO: PH growth at 5.6% in 2025 despite US tariff

An economist from the ASEAN+3 Macroeconomic Research Office (AMRO) stated that Philippine economic growth is expected to remain robust despite a 19% US reciprocal tariff.
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ADB cuts Philippines' growth forecast to 5.6%

The Asian Development Bank (ADB) has revised its economic growth forecast for the Philippines downward to 5.6% this year, down from a previous estimate of 6.0%, citing external challenges such as global trade uncertainty and weaker domestic demand.
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DTS Dizon: LRT-2 to be privatized via PPP

Transportation Secretary Vince Dizon announced on Thursday that the government plans to privatize operations of the Light Rail Transit Line 2 (LRT-2) via public-private partnership (PPP), citing President Ferdinand R. Marcos Jr.'s approval.
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ADB to invest $500M in PH rice sector for climate adaptability

The Asian Development Bank (ADB) plans to invest $500 million in the Philippines' rice sector to improve climate adaptability between 2025 and 2030.
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DOE plans $300M package for solar and energy-efficient appliances

The Department of Energy (DOE) plans a $300-million package to support rooftop solar installations and energy-efficient appliances in public schools and government hospitals.
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Philippines seeks $100M from ADB for geothermal de-risking

The Philippines is seeking an initial $100 million from a $250 million Geothermal Resource De-Risking Facility managed by the Asian Development Bank (ADB), with the facility targeted for approval this year.
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Recto secures 250M euros from France for CCAP2

Finance Secretary Ralph Recto secured 250 million euros from France through the Agence Fran莽aise De D茅veloppement for the Philippines' Climate Change Action Plan, Subprogram 2.
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BCDA restarts PHP2.5B ICT project bidding for New Clark City

The Bases Conversion and Development Authority (BCDA) has restarted the bidding process for a PHP2.5-billion information and communications technology (ICT) project in New Clark City.
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ADB commits $400M for Philippines' marine ecosystems

The Asian Development Bank (ADB) has committed a $400 million loan for the Philippines, set for approval this year, to support marine ecosystems and the blue economy under its National Adaptation Plan.
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