ADB releases 2013-2015 operations plan for the Philippines

Students at a volunteer center in Bataan, Philippines. The Asian Development Bank will alocate $300 million for education in the country. Photo by: Marc Reil Gepaya / CC BY-ND

The Asian Development Bank is dedicating $1.72 billion in loans and $21 million in technical assistance to accelerate inclusive and sustainable growth in the Philippines.

The budget and the corresponding sectors of development are tabled in the bank’s 2013-2015 country operations plan for the Philippines. This builds on the thrusts of the Philippine Development Plan 2011-2016, which includes investments in climate and private sector development, better social services delivery, environmental resiliency, stronger governance, and reduced corruption.

Almost half of the loan budget or $750 million will go to social protection, community-driven development and inclusive growth programs such as the coverage expansion of direct conditional cash transfers to the poor, gender equality and women’s empowerment, and convergence of social protection projects.

The bank will be allocating $300 million for education, including support for the K to 12 program, promote schooling to poor and disadvantaged children and youth, scholarships and competency-based training and assessments.

The bulk of loans will go to local government finance and fiscal decentralization reforms, and the rest is split between infrastructure upgrades and disaster risk financing.

Find ADB jobs, projects and tenders in the Philippines, and see which organizations are working in the country. Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

About the author

  • Adrienne valdez 400x400

    Adrienne Valdez

    Adrienne Valdez is a staff writer for Devex, covering breaking international development news for the Development Newswire. Before joining Devex, Adrienne worked as a news correspondent for a public-sector modernization publication.