Quipping that he’d never been in the presence of so much wealth, President Rodrigo Duterte on Saturday asked the Asian Development Bank to continue lending the Philippines money for its development while promising to clean up and improve the government. Speaking at the 51st ADB annual meeting at the EDSA Shangri-la, the President also hailed the financial institution’s contribution to the Philippines’ economic growth, noting that it was the country’s third largest source of official development assistance. ADVERTISEMENTThe government would continue its “build, build, build” infrastructure program and “link, link, link” its many different islands to spur economic growth and competitiveness, he said. “To me, that is the purpose and very essence of economic growth and development. The distribution of wealth is what we aim for and not the equalization of poverty.” /atm

Source: Philippine Daily Inquirer May 05, 2018 14:03 UTC