MANILA, Philippines – A widening corruption inquiry into flood control projects threatens to cast a shadow over the Philippines’ growth outlook, the Asian Development Bank (ADB) warned.
The intensifying scrutiny may slow the government’s infrastructure push, raising concerns about future development plans.
Speaking at a press conference in Manila, Andrew Jeffries, the ADB’s country director for the Philippines, said the scandal’s impact could be significant for the country’s economic progress.
https://business.inquirer.net/549966/adb-corruption-probe-adds-to-ph-growth-risks
