==== Philippines and the middle-income trap ====
''See also: '' [[Middle-income countries]]
The Asian Development Bank is a regional development bank established in 1966 with 31 offices in the world designed to promote social and economic development in Asia. The Bank is headquartered in Manilla, Philippines.
At the present time, the Philippines has high [[GNP ]] growth and it is endeavoring projected to move from being a [[Middlebecome an upper-income countries|middle-income country]] by 2026.<ref>[https://www.moneycontrol.com/news/business/philippines-may-achieve-upper-middle-income-status-by-2026-11815881.html Philippines likely to a highbe upper middle-income country.by 2026], Money Control website, November 2023</ref>
'''Philippines and the middle-income trap:'''