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The Asian Development Bank’s country partnership strategy for the Philippines 2024–2029 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.
Crosscutting initiatives that promote digital transformation, gender equality, and improved governance and institutional capacity are integral to the strategy, ensuring a holistic approach to development. One of the fastest-growing economies in the region with an average annual gross domestic product growth of 6.3 percent from 2021 to 2023, the Philippines is attracting more foreign direct investments with its robust investment grade rating, dynamic services sector, and higher public investment.
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