Canada’s agreement to transfer the grant to the Philippines sets a precedent that Western nations now feel more comfortable investing in the infrastructure-starved nation due to its recent reward by Fitch, a move which many Philippine observers believe will be followed by S&P and Moody’s in the near future.
Through time-consistency guarantees offered by the ADB, international investors can safeguard against corrupt practices and political change, the ADB informed Inside Investor, making the multinational bank an obvious choice for administering investments into developing Asian nations with poor regulatory bodies.
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