Rappler's latest stories on development banks
Pandemic may push 50 million Africans into extreme poverty – AfDB
The African Development Bank says Nigeria, the continent's most populous country, would see the greatest rise in poverty
Mary Robinson to lead probe into African Development Bank chief
Former Irish president Mary Robinson will lead a panel that will look into corruption allegations against African Development Bank chief Akinwumi Adesina
ADB approves $500-million loan for conditional cash transfers
(UPDATED) The Asian Development Bank's total lending to the Philippines reaches $2.6 billion so far in 2020, exceeding its record lending of $2.5 billion in 2019
Under-fire African Development Bank boss facing new graft probe
Akinwumi Adesina, who is seeking reelection as president of the African Development Bank, now faces an independent inquiry
African Development Bank says 'no decision' yet on demands for probe
Niale Kaba, the chair of the African Development Bank board, counters what she says was 'false' information
African Development Bank chief hits back over graft accusations
'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina
Duterte's infrastructure push gets $400-million boost from ADB loan
This new loan brings the Asian Development Bank's total lending to the Philippines to $2.1 billion so far in 2020
U.S. urges probe into alleged ethics breach by African Development Bank
(UPDATED) A letter shows United States Treasury Secretary Steven Mnuchin expressed 'deep reservations' about the outcome of an internal inquiry clearing African Development Bank chief Akinwumi Adesina
Coronavirus could cost global economy $8.8 trillion – ADB
$8.8 trillion would be equivalent to 9.7% of global gross domestic product
African Development Bank whistleblowers demand independent probe
Whistleblowers claim the internal probe into allegations against African Development Bank president Akinwumi Adesina 'was tainted by irregularities'
African Development Bank chief cleared of ethics abuses
The African Development Bank's ethics committee finds that the complaint against Akinwumi Adesina 'rested on no objective, solid facts'
ADB eyes another $125-million project to strengthen PH health care during pandemic
If approved, the project will provide funds for 2 new labs, training of lab technicians, and construction of isolation wards
ADB loans Philippines $200 million for coronavirus cash subsidies
The latest loan from the Asian Development Bank will be used to provide cash subsidies for 4Ps beneficiaries affected by the coronavirus crisis
'Largest budget support ever': ADB lends PH $1.5 billion vs coronavirus
Finance Secretary Carlos Dominguez III says the loan will help fund programs to defeat COVID-19 and bridge the higher deficit requirement estimated at P990 billion
ADB announces $20-billion coronavirus rescue package
The Asian Development Bank triples the size of its response to the coronavirus pandemic
African Development Bank creates $10-billion fund for virus aid
The African Development Bank vows that 'no country will be left behind'
African Development Bank chief accused of multiple violations
Akinwumi Adesina, who faces accusations of unethical conduct and preferential treatment, says the allegations against him are 'blatantly false'
ADB warns global cost of virus could top $4 trillion
The Asian Development Bank says this may even be an underestimate, since the severity of the coronavirus pandemic remains uncertain
ADB Manila headquarters closed for coronavirus disinfection
The Asian Development Bank says operations will continue, but employees will be working from home starting Thursday, March 12
Asia-Pacific economies seen to face $211-billion hit from coronavirus
S&P Global Ratings expects the Asia-Pacific region to grow 4% in 2020, which would be the worst performance since a contraction in 2008 caused by the global financial crisis
ADB lending $3.3 billion to Philippines in 2020
The Asian Development Bank says half of the amount will be used for the government's ambitious infrastructure push
Changing policies can make aging workforce a 'boon' to economy – report
Adapting technologies and policies to let an aging populace stay in the workforce for longer can help countries' economies in certain situations, says a new Asian Development Bank report
Metro Manila 'most congested city' in developing Asia
Aside from the extreme congestion in Metro Manila, the Asian Development Bank says too many government agencies have overlapping functions
ADB sees Philippines still hitting 2019 economic growth target
The Asian Development Bank cuts its growth outlook for the Philippines to 6% in 2019, just clinging on to the lower end of the government's target band
Duterte slams Lopez group anew for past DBP loans
President Rodrigo Duterte launches a fresh tirade against the Lopez family, warning he might 'start to dig' up information about how DBP loans obtained by their companies were written off
ADB president Takehiko Nakao to resign January 2020
'I am announcing my resignation with a deep sense of satisfaction and gratitude. With support from staff, board members, and member governments, we have achieved many things,' says Takehiko Nakao
SC affirms junking of graft case vs DBP, textile firm over Marcos-era behest loans
The Supreme Court Third Division backs the Ombudsman's 2006 decision to dismiss the complaint filed by the Presidential Commission on Good Government
ADB again lowers Philippine economic growth forecast for 2019
The Asian Development Bank projects Philippine GDP to grow by 6.2% in 2019, lower than its previous projection of 6.4%
Philippines, ADB sign $1.3-B loan deal for Malolos-Clark Railway
The Malolos-Clark Railway is seen to cut travel time from Manila to the Clark International Airport to less than an hour
ADB not yet ready to quit coal
At the Asia Clean Energy Forum in Manila, Asian Development Bank President Takehiko Nakao says it could not rule out funding coal power as there is 'no other option' for some countries in Asia
SC: Release P747-M retirement perks of ex-DBP employees
The Supreme Court grants a petition questioning the Commission on Audit's notice of disallowance on the Development Bank of the Philippines' retirement program
Philippine economy may be one of few winners in 2019 regional slowdown
The Asian Development Bank trims its 2019 growth prospects for the Philippines, but expects it to be among the few countries which may beat their 2018 figures
[OPINION] To empower Asian clean energy ambitions, development banks must act now
The inability to act today would mean irreparable damage to the lives of millions of Asians living in extremely climate-vulnerable regions
ADB cuts Philippine growth forecast, expects inflation to hit harder
The Asian Development Bank says it revised its outlook due to the weak agriculture sector, high inflation, and continued global monetary tightening
Sandiganbayan junks case vs ex-DBP officials over Marcos-era loan
The anti-graft court says the Office of the Solicitor General failed to prove that a P57.39-million loan given to a textile company by the Development Bank of the Philippines was a behest loan
'Can you lend more?' Duterte asks ADB to fund more infra projects
'We shall continue to rely on the ADB for financial assistance, be it in the form or loans or grants,' President Rodrigo Duterte says at the 51st Annual Asian Develoment Bank Meeting
ADB vows to fund more Mindanao projects
As the Asian Development Bank holds its annual meeting, protesters outside demand an end to 'anti-poor and anti-development strategies'
Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'
While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed
Rising gas, food prices seen to push PH inflation faster
The movement of prices of basic goods and services is seen to be faster in April
#ThewRap: Things you need to know, April 12, 2018
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Philippines in 'golden age' of growth – ADB
The Asian Development Bank projects the Philippine economy to grow by 6.8% in 2018 and 6.9% in 2019
Infra projects to help PH achieve 7% growth in 2018 – DOF
During the country’s annual briefing with the Asian Development Bank, Finance Secretary Carlos Dominguez III says, 'Mindanao today is at the front and center of the Build, Build, Build infrastructure program'
Philippines' hosting of ADB meeting 'more frugal' in 2018 than in 2012
The Philippine government earmarks less than P90 million for the hosting of the Asian Development Bank annual meeting in 2018, lower than the P200 million it spent in 2012
DPWH gets help from Hong Kong-based Arup for infra deals
The consulting contract is the first of 3 consulting packages expected under the $100-million Infrastructure Preparation and Innovation Facility approved by the Asian Development Bank in October 2017
$380-million ADB loan to finance 11 infra projects in Mindanao
The loan will finance the construction of roads in the Zamboanga Peninsula and bridges in Tawi-Tawi
ADB upgrades Philippine GDP growth forecast for 2017, 2018
The outlook of the Asian Development Bank 'assumes that growth in the government's infrastructure program will accelerate'
Building projects through ODA not in conflict with PPPs – ADB
While the Duterte administration favors official development assistance over public-private partnerships, the Asian Development Bank says PPPs 'will continue to be a way of doing business'
$60 billion a year needed to address ASEAN infrastructure gap – ADB
To fill the region's massive infrastructure gap, some businessmen recommend the public-private partnership (PPP) route
PH to receive $366M dev’t loan from ADB, France
The loan is intended for inclusive growth programs with target disbursement late this year or early next year, says the Department of Finance
