Tag Archive: ADB

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ADB Latest News & Update: Affected Communities in Asia Challenge Bank’s Immunity

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.