ADB’s anti-poverty projects in the Philippines slammed

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poverty-PhilManila-based Asian Development Bank, an institution focused on economic support and poverty eradication in developing Asian countries, has been criticised by its own internal Independent Evaluation Department for low success rates of its poverty reduction projects in the Philippines since the 1990s.

The evaluation report released on July 1 says the projects in the Philippines show success ratings of just 48 per cent, as compared to, for example, a 91 per cent rating in Vietnam.

The Philippines lags behind its ASEAN neighbours in terms of the sustainability of projects, the report said. Data showed that countries with sustainability scores of above 80 per cent included Vietnam and Thailand, along with China and India. In the Philippines it was below 55 per cent.

The projects were struggling in the sectors of providing financial access to the poor, including microfinance programmes, as well as disaster prevention, the report pointed out.

The evaluation said the reasons of the low scores were due to the weak development of support institutions and infrastructure in the Philippines, the less-than-effective support for achieving institutional sustainability, as well as limited outreach to the poor in general.

The report also said that the result points to a “longer road than previously expected in eradicating extreme poverty unless action is stepped up.”

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Reading Time: 1 minute

Manila-based Asian Development Bank, an institution focused on economic support and poverty eradication in developing Asian countries, has been criticised by its own internal Independent Evaluation Department for low success rates of its poverty reduction projects in the Philippines since the 1990s.

Reading Time: 1 minute

poverty-PhilManila-based Asian Development Bank, an institution focused on economic support and poverty eradication in developing Asian countries, has been criticised by its own internal Independent Evaluation Department for low success rates of its poverty reduction projects in the Philippines since the 1990s.

The evaluation report released on July 1 says the projects in the Philippines show success ratings of just 48 per cent, as compared to, for example, a 91 per cent rating in Vietnam.

The Philippines lags behind its ASEAN neighbours in terms of the sustainability of projects, the report said. Data showed that countries with sustainability scores of above 80 per cent included Vietnam and Thailand, along with China and India. In the Philippines it was below 55 per cent.

The projects were struggling in the sectors of providing financial access to the poor, including microfinance programmes, as well as disaster prevention, the report pointed out.

The evaluation said the reasons of the low scores were due to the weak development of support institutions and infrastructure in the Philippines, the less-than-effective support for achieving institutional sustainability, as well as limited outreach to the poor in general.

The report also said that the result points to a “longer road than previously expected in eradicating extreme poverty unless action is stepped up.”

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