The Asian Development Bank appointed Pavit Ramachandran as country director for the Philippines. He assumed office Friday.
Ramachandran will lead ADB operations in the Philippines, with an active portfolio of about $8.7 billion. He will manage ADB’s relationship with the government, private sector and development partners.
He will oversee the implementation of ADB’s country partnership strategy for the Philippines, which identified up to $4 billion worth of sovereign loans for 2023. These include transformative infrastructure projects such as the Davao Public Transport Modernization Project and the Bataan–Cavite Interlink Bridge Project, both among the government’s priority projects.
He will supervise the preparation of ADB’s CPS covering 2024–2029, which aims to advance and enhance ADB’s efforts to intensify climate action; improve climate smart connectivity through transport, digital technology, and energy; and invest in Filipinos’ welfare.
“ADB has a unique and enduring partnership with the Philippines, being its host country. I am excited to work on further solidifying this strong relationship with the government and supporting the country in finding innovative solutions to its development needs. My immediate priority is to ensure we deliver on our commitments to help the country address its poverty, climate change, and infrastructure development challenges,” said Ramachandran.