The World Bank temporarily deferred loans to the Philippines because of graft and corruption. The loan, estimated about 232 million dollars was part of the World Bank initiative to help the Philippines improved road projects nationwide. World Bank officials have found out that there were shenanigans in the implementation of said projects because of suspicious procurement process. It was noted that the government officials who are supposed to implement the road projects had violated the terms and conditions of the World Bank. The evidence of graft and corruption was taken into account by the WB officials based on their investigative report implicating some Chinese contractors to the anomalous road project contracts. The government as usual denied the report and promised that they will implement some measures to correct and eliminate the anomalies in the said road projects and they’re hoping that the WB will consider their decision and eventually release the loan. But it seems that the WB decision will remain because of endemic graft and corruption permanently located in all government offices nationwide.
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