A picture shows the logo of the Asian Development Bank (ADB) displayed outside its headquarters in Manila on September 2, 2010. The Philippines said it would fail to meet its UN development goal on halving poverty levels by 2015 after even more people were added to the ranks of the poor in recent years. The ADB has announced a 400-million-dollar loan to expand a conditional cash transfer programme for poor families. AFP PHOTO/TED ALJIBE (Photo by TED ALJIBE / AFP) MANILA, Philippines — The Asian Development Bank (ADB) said a corruption scandal involving flood control projects would not deter it from financing work in the Philippines, noting that the institution maintains “close oversight” of its investments.
“You know, we’re always cautious about all our projects,” Andrew Jeffries, the bank’s country director for the Philippines, told reporters.
https://business.inquirer.net/549219/adb-work-in-ph-to-continue
