According to bank documents, the Encouraging Investment through Capital Market Reforms Program is aligned with the Philippine Development Plan, 2011–2016 and will contribute to meeting the government’s targeted investment rate, including public and private spending on infrastructure. The outcome will be a deeper nonbank finance sector, measured by an increase in corporate bonds relative to GDP, participation in the Association of Southeast Asian Nations (ASEAN) cross-border initiatives, and growth in contractual and long-term retirement savings.
Project Officer: Schuster, Stephen R.
Southeast Asia Department
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main