The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) that sets a specific agenda to support the Philippines’ transformation in the next 6 years. It is designed to ensure that growth is not only sustained but is also inclusive and resilient in the face of climate challenges.

The strategy, spanning from 2024 to 2029, will focus on addressing critical development needs and bolstering support on three key areas—human development, economic competitiveness and quality infrastructure, as well as nature-based development and disaster resilience. These priorities will be supported by initiatives to promote digital transformation, gender equality, and improved governance.

As the region’s climate bank, ADB will work to embed climate actions across its engagements and investment plans in the country. Under the new CPS, ADB will also catalyze private sector-led development by supporting policy and regulatory reforms, strengthening of markets and investment pipelines, and expanding funding availability.

#adb #asiandevelopmentbank #Philippines
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