$21.9-million World Bank loan is well accounted for and there was no misuse of the money — SC
MANILA, Philippines — The Supreme Court (SC) said Sunday the $21.9-million World Bank loan for Judicial Reform Support Project (JRSP) of the judiciary is well accounted for and there was no misuse of the money, SC Spokesman and Court Administrator Jose Midas P. Marquez said Sunday.
In an interview, Marquez said “it was unfair that an aide memoire was released without the SC made to answer to the allegations.”
He pointed out that a receiving party is required to comment on an aide memoire before a final report is made public.
The JRSP project of the SC that was partly funded by the World Bank was described in the aide memoire as “high risk” and “unsatisfactory.”
Among other things, the aide memoire stated certain questionable procurements and disbursements of funds in connection with the JRSP.
On the disbursement of funds, Marquez said that all transactions were audited and “were all above board in line with the agreements in the loan contract.”
He refused to comment further on the aide memoire “since it has not reached my office.”




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