August 19, 2025 | 12:00am
MANILA, Philippines — The Asian Improvement Financial institution (ADB) has appointed Andrew Jeffries as new nation director for the Philippines.
In an announcement, the ADB stated Jeffries, who began his new position yesterday, will lead the multilateral lender’s operations within the Philippines, the financial institution’s host nation with an energetic portfolio of round $13 billion.
As new nation director, Jeffries will oversee implementation of the ADB’s Nation Partnership Technique 2024 to 2029, which defines the multilateral lender’s method within the Philippines.
He may also handle the ADB’s relationships with the federal government, personal sector and improvement companions.
“The financial system is at a crucial juncture, with big infrastructure and social safety investments rolling out and beginning to bear fruit,” Jeffries stated.
Because the nation goals to realize upper-middle revenue standing, he stated extra steps have to be taken to make sure nobody is left behind and dangers are mitigated.
“My quick precedence is to see that ADB does all the things we will to assist the Philippine authorities with their improvement priorities. I’m additionally excited to develop ADB’s assist to mobilize personal capital and experience as an necessary a part of our general help,” he stated.
Jeffries is getting into the position with greater than 34 years {of professional} expertise, together with over 18 years with ADB.
Previous to being named nation director for the Philippines, Jeffries was advisor for the Vitality Transition Mechanism and Partnerships, overseeing the implementation of the regionwide initiative.
He additionally beforehand served as ADB’s nation director for Vietnam from 2020 to 2023.
Jeffries held different positions on the ADB, together with director of the Southeast Asia power division from 2016 to 2020 and head of ADB’s power sector operations in India from 2013 to 2016.
Earlier than becoming a member of ADB in 2007, Jeffries was senior vice chairman at Fortis Capital Corp.
He additionally held the place of vice chairman within the World Vitality Division of GE Capital’s Structured Finance Group in america, the place he led the execution of structured finance transactions, venture financing and fairness and most popular fairness investments in power infrastructure.
Jeffries, a US nationwide, holds a grasp’s diploma in worldwide affairs specializing in worldwide financial coverage from Columbia College and a bachelor’s diploma in economics from Bucknell College.
