ADB on Philippines: “There is progress”

The Asian Development Bank (ADB) gave an update for its engagement in the Philippines:

The Asian Development Bank (ADB) said that monetary conditions are now more favorable with the taming of inflation, which pushed food prices higher in the Philippines in 2018, and added that support for key water projects and the Malolos-Clark railway are its priorities for the country in 2019

According to ADB President Takehiko Nakao,

The Philippine economy is growing at a solid pace. Inflation is coming down. There is more space for monetary policy… Poverty reduction is ongoing. It is high, still, but there is progress,

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