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. The institution emphasized that it maintains “close oversight” of its investments to ensure project integrity.
“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