The Development Bank of the Philippines (DBP) is a national direct access entity based in the Philippines, operating as a state-owned development financial institution. With a vision focused on influencing and accelerating sustainable economic growth, DBP is dedicated to providing resources and services for the ongoing well-being of the people in the Philippines.

DBP's primary mission is to offer banking services tailored to meet the medium- and long-term needs of agricultural and industrial enterprises, placing a significant emphasis on supporting small and medium-scale industries. The institution has undertaken substantial efforts to incorporate considerations for the environment, climate change, and sustainable development throughout its operations. Furthermore, DBP actively encourages its partners and clients to prioritize environmental and social responsibility in their business pursuits. Recognized as the country's premier development financial institution, DBP strategically influence and accelerate sustainable economic growth through the provision of resources, contributing to the continued well-being of the Filipino people.

Together with GCF, DBP intends to pursue projects along the following avenues: replicating and scaling up successful investments that have demonstrated potential for significant greenhouse gas emission reductions; promoting private sector engagement and investments by utilizing loans and guarantees provided by GCF to de-risk investments and encourage innovation by overcoming scale problems and fragmentation in the supply chain; and developing public–private partnerships for infrastructure resilience, clean energy, and supporting sustainable communities.