The Asian Development Bank (ADB) significantly increased its financial support for the Philippines in 2025, providing $6.8 billion in loans, grants, and cofinancing. This marks a nearly 12% rise from the previous year and makes the Philippines the largest recipient of ADB funding, surpassing India, which received $6.4 billion.
The funding aims to help the host country tackle a growing array of development challenges, including global trade tensions, climate risks, and governance issues. Of the total, $4.1 billion was allocated to the government for seven programs and projects, such as the Malolos–Clark Railway (Tranche 2), the Business and Employment Recovery Program, and the Second Disaster Resilience Improvement Program.
Private sector financing reached $129.8 million, including a $29.8 million loan to Fuse Financing Inc. (GCash's lending arm) and a $100 million equity investment tied to Project Tulip's initial public offering. Additionally, $13.6 million was disbursed through ADB's guarantee and loan program for Philippine firms.
Cofinancing from ADB and other partners totaled $2.6 billion. Across the region, ADB committed $29.3 billion from its own resources in 2025, up 20% year-on-year, alongside $14.7 billion mobilized from partners. Private sector development was a key priority, comprising $5.5 billion of commitments, while half of public sector commitments directly supported infrastructure, reforms, and institutions to unlock private investments.