World Bank Gives Satisfied Ratings To Philippines

The World Bank on Sunday expressed optimism with the Philippine government's performance with foreign-funded official development assistance projects in 2005 and the first six months of 2006.

Joachim von Ambsberg, WB country director said the Arroyo government has performed satisfactorily in the last 18 months in implementing ODA projects and raised the confidence level from the international lending bank.

He said, "The close coordination and the change in approach of aligning the budget to implement projects on time have significantly made the difference."

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