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ADB projects in the Philippines rated below average
ABS CBN ^ | 07/02/2013 | Cai U. Ordinario

Posted on 07/01/2013 8:18:02 PM PDT by TexGrill

MANILA -- The poverty-reduction projects of the Asian Development Bank (ADB) in the Philippines have been rated below average since the 1990s, according to a report released by the Independent Evaluation Department (IED) of the multilateral lender.

The Annual Evaluation Review report released by ADB on Monday showed that the Philippines, Pakistan, and a group of small Pacific islands were among the countries whose success ratings were below 50 percent. The Philippines’s rating was 48 percent, Pakistan’s, 43 percent and Pacific countries, 31 percent.

The ADB said the best-performing country portfolios have been in the China, Tajikistan and Vietnam, with 88 percent to 91 percent of operations completed since the 1990s rated successful.

“[This includes] all projects completed and evaluated since the 1990s. The Philippine portfolio has been restructured and current success rates are better. But overall, the decadal success rate is still low comparatively to many other countries,” Independent Evaluation Department Division 1 Director Walter Kolkma, who authored the report, said in an e-mail sent to the BusinessMirror.

The IED report also said the sustainability scores of various projects in the Philippines, Bangladesh, Pakistan, Papua New Guinea were below 55 percent, rendering such projects unsustainable.

The Philippines lagged behind its neighbors in Asean in terms of sustainability of projects, the report also said. Data showed that countries with sustainability scores of above 80 percent included Vietnam and Thailand, along with China and India.

In terms of safety nets, the IED report said the Conditional Cash-Transfer (CCT) Program in the Philippines costs much less than 1 percent of gross domestic product, yet reaches around 15 million people, including 6 million children.

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TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: philippineseconomy
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1 posted on 07/01/2013 8:18:02 PM PDT by TexGrill
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