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    • News

    ADB Boosts Fiscal Stance of Philippines, Vietnam

    By Ma. Rizza Leonzon // 16 September 2009

    The Asian Development Bank approved a $250 million loan to help improve fiscal management and the business climate in the Philippines,

    reports. The credit will also be used to bolster public financial management, combat corruption, reduce transaction costs of doing business, and enhance social safety net programs in the Southeast Asian nation. The

    is also offering some $500 million in fiscal stimulus loan to Vietnam. The sum will provide budget support to Vietnam to finance public expenditure programs in 2009 and 2010.

    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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