AFD’s action in the Philippines focuses on natural risk management and prevention, as well as sustainable urban development by promoting the decentralization process, a major strategic issue for the country’s authorities. To date, the Bank’s operations have mainly been carried out through sovereign loans, accompanied by technical assistance and capacity building programmes.
Improving Natural Disaster Management and Adaptation to Climate Change
Developing urban mobility
Supporting civil society organizations
The Philippines, an archipelago with over 7,000 islands, has approximately 100 million inhabitants. The country, an island arc located in the Pacific Ring of Fire, is marked by intense seismic and volcanic activity.
It is the second most populous country in Southeast Asia and also has the most dynamic economy in the region: over 6% of growth a year between 2010 and 2015. However, wealth is unevenly distributed and poverty still affects a large part of the population. This situation is exacerbated by a high exposure to natural disasters, as reminded by Typhoon Haiyan, which devastated the Philippines in 2013. The country is therefore one of the most vulnerable to climate change.
AFD has been operating in the country since 2009, where it promotes green and inclusive growth. It supports the Government for its decentralization program, implements disaster management and prevention policies, and promotes sustainable urban development. To enhance the effectiveness of its action, it has established partnerships with the Asian Development Bank and World Bank. AFD has committed EUR 461m in the country via loans.