Growth in the Philippines has been averaging at about 5 percent over the past 10 years, significantly higher than the rate achieved in the previous two decades. Growth momentum was maintained at 6% in the first half of 2014, and remained one of the fastest in the East Asia region.
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As of January 2014, the Philippines portfolio amounted to US$2.9 billion for 18 active projects. Sectors benefiting from Bank-supported projects include infrastructure, social protection, health, basic education, rural development and environment.