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                    [ArticleID] => 286294
                    [Title] => ADB may suspend lending to RP due to slow reforms
                    [Summary] => The Asian Development Bank (ADB) said yesterday it may cut off lending to the Philippines over the next three years unless the government speeds up reforms designed to shore up its fiscal position. 


ADB vice president Joseph Eichenberger said economic growth in the country has been insufficient to lift the country out of poverty over the past 20 years. 


"There needs to be deep and sustained change in how things are done in the Philippines," Eichenberger said. "ADB cannot pursue a business-as-usual approach."


                    [DatePublished] => 2005-07-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Headlines
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EICHENBERGER

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                    [ArticleID] => 286294
                    [Title] => ADB may suspend lending to RP due to slow reforms
                    [Summary] => The Asian Development Bank (ADB) said yesterday it may cut off lending to the Philippines over the next three years unless the government speeds up reforms designed to shore up its fiscal position. 


ADB vice president Joseph Eichenberger said economic growth in the country has been insufficient to lift the country out of poverty over the past 20 years. 


"There needs to be deep and sustained change in how things are done in the Philippines," Eichenberger said. "ADB cannot pursue a business-as-usual approach."


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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abtest

ADB may suspend lending to RP due to slow reforms

By Ted P. Torres | July 14, 2005 - 12:00am

The Asian Development Bank (ADB) said yesterday it may cut off lending to the Philippines over the next three years unless the government speeds up reforms designed to shore up its fiscal position. ADB vice president...

Headlines