The Asian Development Bank (ADB) is embarking on a fresh loan project to improve the lives and incomes of more than 150,000 poor farmers in the southern Philippines.
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Asian Development Bank commits $100 million to Philippine farmers
The Asian Development Bank (ADB) is embarking on a fresh loan project to improve the lives and incomes of more than 150,000 poor farmers in the southern Philippines.
More...
Nice to hear!Maybe the filipino peole can say thankyou to the Asian Development Bank, by giving them they're ingrediants for their chicken adobo?
..........
There are 7 Planes Of Existance:
7 — Material Plane: The earth, where you are right now.
6 — Plane of Forces
5 — Astral Plane
4 — Mental Plane
3 — Too mysterious to describe.
2 — Too mysterious to describe.
1 — Too mysterious to describe.
Wont be much left after the politicians have their share.
let me translate
"The Agrarian Reform Communities Project II (ACRP II) will allocate $135.2 million for rural infrastructure projects"
half a dozen bridges that go nowhere, with the contracts awarded to the mayors brother.
"$25.2 million for agriculture and enterprise development"
fertilizer bought over cost from the other brothers mayor, then sold below cost to his cousins.
"The remaining funds will be used for capacity building, project implementation management, and contingencies."
(that $10m folks)
capacity building - a new car for the mayor
implementation management - salary for the mayors wife
contingencies - lunch
How cynical I thought it was just clever bankers noticing the 20% return offered on rural farm loans
Absit invidia
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You must be kidding!!Originally Posted by keithAngel
How cynical I thought it was just clever bankers noticing the 20% return offered on rural farm loans
There are rural banks right there in Cebu that offer 20% annual interest on 5 year time deposits. I have no idea how much interest they charge for loans but you could saftley say double 20%.
I think your right, something like that is likely to happen..let me translate
"The Agrarian Reform Communities Project II (ACRP II) will allocate $135.2 million for rural infrastructure projects"
half a dozen bridges that go nowhere, with the contracts awarded to the mayors brother.
"$25.2 million for agriculture and enterprise development"
fertilizer bought over cost from the other brothers mayor, then sold below cost to his cousins.
"The remaining funds will be used for capacity building, project implementation management, and contingencies."
(that $10m folks
capacity building - a new car for the mayor
implementation management - salary for the mayors wife
contingencies - lunch
There are 7 Planes Of Existance:
7 — Material Plane: The earth, where you are right now.
6 — Plane of Forces
5 — Astral Plane
4 — Mental Plane
3 — Too mysterious to describe.
2 — Too mysterious to describe.
1 — Too mysterious to describe.
They might as well send to to the teletubbies for their christmas party.
Wena&Russ
They can give some to me, for my farm!
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