ADB vows to work closely with WB 0 SHARES Share it! Share TweetBy Chino S. LeycoThe head of the Asian Development Bank (ADB) vowed to improve collaboration with the World Bank in the Philippines and other countries across the Asia and Pacific region. “In the Philippines, ADB is already collaborating with the World Bank on the implementation of the government’s conditional cash transfer program and the rehabilitation and recovery efforts in Marawi, among others. Nakao said ADB and the World Bank are exploring new joint initiatives to reduce transaction costs for developing member countries. In the Philippines, ADB hosted a meeting on 14 May, chaired by the Department of Finance and joined by the World Bank, and discussed ways to strengthen collaboration in support of government priorities.
Source: Manila Bulletin June 18, 2019 13:52 UTC