Philippines and the Asian Development Bank
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The Philippines is one of the first countries that joined the Asian Development Bank (ADB) in 1966.{{cite web|url=https://www.adb.org/about/members |title=Members | Asian Development Bank |publisher=Adb.org |date= |accessdate=2020-01-02}} According to the ADB, the Philippines has heavily relied on the ADB for development assistance, borrowing a total of $19.3 billion in the last decade.{{cite web|url=https://www.adb.org/projects/45089-004/main |title=45089-004: Secondary Education Support Program | Asian Development Bank |publisher=Adb.org |date=2019-05-27 |accessdate=2020-01-02}}{{failed verification|date=November 2021|reason=cited source appears to describe a $300M loan}} The Philippines has been commended by the ADB for being a fast-growing economy despite increasing inflation and a plummeting global economy.{{cite web|url=https://www.adb.org/countries/philippines/main |title=Philippines and ADB | Asian Development Bank |publisher=Adb.org |date= |accessdate=2020-01-02}} The ADB also deemed the country one of its "special" partners; it is the location of their headquarters. The IMF considered it one of 24 emerging countries.{{Cite web |url=https://www.imf.org/en/News/Articles/2018/09/27/na092718-the-philippines-economic-outlook-in-six-charts |title=The Philippines' Economic Outlook in Six Charts |access-date=2019-12-04 |archive-url=https://web.archive.org/web/20191203045157/https://www.imf.org/en/News/Articles/2018/09/27/na092718-the-philippines-economic-outlook-in-six-charts |archive-date=2019-12-03 |url-status=dead }}
ADB projects in the Philippines
Since its founding, the ADB has been heavily involved in the modernization and development initiatives in the Philippines.
= Agriculture =
In 1968 an ADB project aimed to improve the country's irrigation system, mostly in rural areas. It was believed to improve many aspects of rural economies by providing access to education and healthcare.{{cite web|url=https://www.adb.org/countries/philippines/overview |title=ADB's Work in the Philippines | Asian Development Bank |publisher=Adb.org |date= |accessdate=2020-01-02}}
= Transportation =
After discovering that the Philippines' transportation system was in poor condition,{{cite web|url=https://www.adb.org/sites/default/files/institutional-document/33700/files/philippines-transport-assessment.pdf |title=Philippines: Transport Sector Assessment, Strategy, and Road Map |date= |accessdate=2020-01-02}} the ADB proposed the EDSA Greenways Project, to improve commuter facilities for safer, more efficient and comfortable pedestrian travel.{{cite web|url=https://www.adb.org/projects/51117-003/main |title=51117-003: EDSA Greenways Project (from the restructured Metro Manila Transport Project, Phase 1) | Asian Development Bank |publisher=Adb.org |date= 31 October 2018|accessdate=2020-01-02}} The ADB deemed all water, air, and land transportation in the Philippines outdated; most of the day, roads become impassable and congested due to the lack of other effective transportation infrastructures/methods.{{cite web|url=https://www.weforum.org/agenda/2015/01/why-the-philippines-needs-transport-reform/ |title=Why the Philippines needs transport reform | World Economic Forum |publisher=Weforum.org |date= |accessdate=2020-01-02}} The ADB is also reviving and building railways to connect provinces and provide access to and from the cities.{{cite web|url=https://www.adb.org/projects/52083-001/main |title=52083-001: Malolos-Clark Railway Project | Asian Development Bank |publisher=Adb.org |date= 23 May 2019|accessdate=2020-01-02}}
= Education =
The ADB created a program called Facilitating Youth School-to-Work Transition Program. This program facilitates job training for out-of-school, at-risk, and less fortunate youth. In the long run, this project aims to maintain the economic growth in the country.{{cite web|url=https://www.adb.org/projects/49117-002/main |title=49117-002: Facilitating Youth School-to-Work Transition Program (Subprogram 1) | Asian Development Bank |publisher=Adb.org |date=2017-05-23 |accessdate=2020-01-02}}{{cite web|url=https://www.adb.org/projects/49117-003/main |title=49117-003: Facilitating Youth School-to-Work Transition Program (Subprogram 2) | Asian Development Bank |publisher=Adb.org |date=2019-12-03 |accessdate=2020-01-02}}
= Governance reform =
The ADB's current Local Governance Reform Program{{cite web|url=https://www.adb.org/projects/52173-001/main |title=52173-001: Local Governance Reform Program (Subprogram 1) | Asian Development Bank |publisher=Adb.org |date=2019-11-14 |accessdate=2020-01-02}} was created in order to provide quality service to local communities, and also promote the establishment of new businesses in different areas in the country.{{cite web|url=https://www.adb.org/news/adb-support-philippine-local-governance-reforms-300-million-loan |title=ADB to Support Philippine Local Governance Reforms with $300 Million Loan | Asian Development Bank |publisher=Adb.org |date=2019-11-14 |accessdate=2020-01-02}}
= Emergency assistance =
In helping to restore order after the 2017 urban war between the Philippine Armed Forces and ISIL, the ADB provided the Philippines emergency assistance in the form of loans and grants. This monetary assistance covers the reconstruction and recovery of Marawi, its transportation system, health system, and the restoration of the province's livelihood and education.{{cite web|url=https://www.adb.org/projects/52313-001/main |title=52313-001: Emergency Assistance for Reconstruction and Recovery of Marawi | Asian Development Bank |publisher=Adb.org |date= 14 December 2018|accessdate=2020-01-02}}