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ADB News Release 2013 Page 2 Assistance from ADB, AusAID and Canada will help develop stronger policy, legal and regulatory environment for PPPs in the Philippines. Canadas international development program in the Philippines is focused on sustainable economic growth by improving the investment climate and advancing the economic opportunities of poor women and men. Australia is a long-standing development partner of the Philippines and one of the countrys largest bilateral grant aid donors. In the current financial year, Australia will provide over Php5 billion in development assistance to the Philippines. ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members 48 from the region. In 2012, ADB assistance totaled $21.6 billion, including cofinancing of $8.3 billion.
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