Since 1966, the Asian Development Bank (ADB) peddles on the illusion that it is an institution that is committed in making the region free from poverty. According to the bank, it has mobilized more than USD 250 billion worth of investments in infrastructure, research and knowledge sharing in its half a century of operations in Asia and the Pacific. The ADB shamelessly continues to shell out illegitimate debts to its member countries even if it had disastrous project and policy outcomes. Moreover, the bank has been enjoying immunity from countries, including the Philippines where it had put its investments.
Tag Archive: ADB
NGO Forum on ADB expressed its disappointments and discontent on the stakeholders’ consultation for the Asian Development Bank’s corporate strategy held at the ADB Manila Headquarters last Monday due to lack of public disclosure and quality consultations with civil society organizations (CSOs).