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                    [Title] => ADB set to cancel $50-M project loans to RP
                    [Summary] => The Asian Development Bank (ADB) is considering the cancellation of as much as $50 million in project loans to the Philippines by June due to the continued delays in their implementation. 


Last year, the Manila-based multilateral funding agency scrapped 22 program and project loans, trimming down from 51 projects worth $1.8 billion at the start of the 2003.


ADB chief country officer for the Philippines Ric Ondrick said despite a higher disbursement ratio last year, the country’s absorptive and implementing capacity for the ADB-funded projects still fared low. 


                    [DatePublished] => 2004-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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ONDRICK

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                    [Title] => ADB set to cancel $50-M project loans to RP
                    [Summary] => The Asian Development Bank (ADB) is considering the cancellation of as much as $50 million in project loans to the Philippines by June due to the continued delays in their implementation. 


Last year, the Manila-based multilateral funding agency scrapped 22 program and project loans, trimming down from 51 projects worth $1.8 billion at the start of the 2003.


ADB chief country officer for the Philippines Ric Ondrick said despite a higher disbursement ratio last year, the country’s absorptive and implementing capacity for the ADB-funded projects still fared low. 


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abtest

ADB set to cancel $50-M project loans to RP

By Ted P. Torres | January 27, 2004 - 12:00am

The Asian Development Bank (ADB) is considering the cancellation of as much as $50 million in project loans to the Philippines by June due to the continued delays in their implementation. Last year, the Manila-based...

Business