The World Bank Group (WBG) has imposed a 4.5-year debarment on L.S.D. Construction & Supplies, a construction firm in the Philippines, for “collusive, fraudulent, and corrupt practices” linked to the Philippine rural development project (PRDP). In a May 28 statement posted on its website, the...
Two ongoing project loans for the Philippines, aimed at improving the livelihood of farmers and fisherfolk, are bearing fruit, according to the World Bank. The Washington-based multilateral lender 's latest implementation status and results reports for two investment project financing (IPF)...