The Asian Development Bank has unveiled a new country partnership strategy for the Philippines that includes extending $24 billion in loans between 2024 and 2029. The strategy aims to address development challenges by prioritizing human development, economic competitiveness, quality infrastructure, digital transformation, gender equality, and improved governance, ensuring that growth benefits even the most vulnerable populations.

The Asian Development Bank (ADB) announced a new country partnership strategy for the Philippines, covering 2024-2029, which focuses on human development, economic competitiveness, quality infrastructure, nature-based development, digital transformation, gender equality, and enhanced governance. This initiative is designed to promote inclusive, resilient, and sustainable growth while addressing climate challenges and social inequities.

In 2023, the Asian Development Bank provided extensive financial assistance to the Philippines, totaling approximately $8.4 billion. The funding included ordinary capital resource loans, co-financing for various projects, and technical assistance aimed at modernizing public transport, bolstering climate action, and supporting inclusive infrastructure development.

In its 2023 Annual Report, the Asian Development Bank announced a new Gender Action Plan targeting 45% women representation among international staff by 2030, launched an allyship campaign through its LGBT+ and Friends Group, and sponsored prominent diversity and inclusion events. These initiatives showcase ADB’s commitment to progressive labor practices, inclusion, and support for marginalized communities.

The Asian Development Bank's 2023 Annual Report details a series of organizational reforms including a new operating model, enhanced digital innovation initiatives, strengthened internal controls, improved procurement practices, and updated ethical standards. These reforms aim to improve transparency, accountability, and inclusivity in its operations, bolstering sustainable development across its member countries.

The Asian Development Bank announced a USD4-billion funding package on May 23, 2023 to support the socio-economic and infrastructure development plans of the Marcos administration in the Philippines. The funding is intended to back major projects including transport, climate resilience, and other transformative infrastructure efforts, reinforcing the long-standing partnership between ADB and the Philippine government.

The Asian Development Bank submitted comprehensive input to the OHCHR Annual Report on the Right to Development. The document details ADB’s policies on human rights, encompassing labor standards, gender equality, community consultation, grievance redress mechanisms, and environmental and social safeguards. These measures underline ADB’s commitment to inclusive development and protecting vulnerable populations.

An academic analysis from 2012 criticizes the Asian Development Bank for its general reluctance to explicitly incorporate international human rights standards into its policies and procedures, despite its mandate to promote sustainable and inclusive development. The article suggests that this lack of explicit human rights integration may facilitate the potential for human rights violations by national governments involved in ADB-financed projects.

In 2005, ADB received a complaint from NGOs regarding the Community Empowerment for Rural Development Project in Indonesia, highlighting issues of insufficient local participation and consultation. Following assessment procedures documented in its Operations Manual and Safeguard Policy Statement, an agreement with affected communities was reached to address these concerns.