ADB lists requisites to spread growth impact

Published by rudy Date posted on November 11, 2010

STRONG GOVERNANCE and sustained vigilance against corruption are vital if countries in Asia-Pacific are to spread benefits of economic progress to their citizens, Asian Development Bank (ADB) President Haruhiko Kuroda said yesterday.

“Asia must embrace the principle of inclusive growth, bringing more people into the circle of opportunity that growth and development provides. Governance is key to this issue,” Mr. Kuroda said in his keynote speech at the four-day 14th International Anti-Corruption Conference in Bangkok, Thailand that ends tomorrow.

The Manila-based bank said in a statement yesterday that “Asia is fast becoming the world’s leading economic powerhouse but many citizens are failing to benefit, with the region remaining home to two-thirds of the world’s poor.”

ADB added corruption and weak governance translate to fewer resources for infrastructure, education, health and other important services, with low income groups suffering the most.

In an international corruption perceptions survey, results of which were released last month by Transparency International, the Philippines managed to move up five notches to 134th place despite an unchanged score of 2.4, with zero being highly corrupt and 10 being very clean.

Sought for comment, professor Leonor M. Briones of the University of the Philippines National College of Public Administration and Governance, said there is a link between corruption and poverty, but noted that corruption is not the only cause of poverty in the Philippines.

“If your budget priorities do not address poverty, you will still have poverty even if you do not have corruption, which is a long shot,” she told BusinessWorld in a phone interview.

She added wrong policies can exacerbate the condition of the poor. — Jo Javan A. Cerda, Businessworld

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

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July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

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