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                    [Title] => RP losing billions to corruption — Angara
                    [Summary] => For every peso spent on infrastructure projects and the procurement of goods and services, between 20-50 centavos is lost to corruption.


So pervasive was graft, the World Bank reported last year, that the Philippine government lost $48 billion over the last 20 years due to corruption, exceeding the country’s entire foreign debt of $40.6 billion during that period.


                    [DatePublished] => 2002-11-29 00:00:00
                    [ColumnID] => 133272
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CAMPAIGN FINANCE REFORM AND POLITICAL PARTY ACT

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                    [ArticleID] => 185883
                    [Title] => RP losing billions to corruption — Angara
                    [Summary] => For every peso spent on infrastructure projects and the procurement of goods and services, between 20-50 centavos is lost to corruption.


So pervasive was graft, the World Bank reported last year, that the Philippine government lost $48 billion over the last 20 years due to corruption, exceeding the country’s entire foreign debt of $40.6 billion during that period.


                    [DatePublished] => 2002-11-29 00:00:00
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abtest

RP losing billions to corruption — Angara

November 29, 2002 - 12:00am

For every peso spent on infrastructure projects and the procurement of goods and services, between 20-50 centavos is lost to corruption. So pervasive was graft, the World Bank reported last year, that the Philippine...

Business