MANILA, Philippines --- The country's top economic manager wants two of the world's biggest multilateral lenders to work closer together to eliminate overlapping functions, reduce costs, and be more effective in promoting development among member nations. In particular, Finance Secretary Carlos Dominguez III said the World Bank Group and the Asian Development Bank (ADB) should align their efforts toward coming up with a "coordinated country program" especially for smaller members. "As governor of both institutions --- the World Bank and ADB -- I feel that there is a lot of room for reduction of overheads for both institutions at least in Asia." he said during a meeting with new...
Keep on reading: Dominguez wants World Bank-ADB redundancies eliminated
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