World Bank executive to arrive tonight for ADB meeting

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InterAksyon.com
The online news portal of TV5

The World Bank's representative to the 45th annual meeting of the Asian Development Bank's Board of Governors in Manila is expected to arrive tonight, May 1 onboard Korean Airlines flight KE 623 around 11:30 pm at the NAIA terminal 1.

Pamela Cox, the newly appointed World Bank Vice President for East Asia and the Pacific, will lead a delegation to the annual ADB meetings from May 2 to May 5 at the Philippine International Convention Center (PICC).

Cox, a development expert with more than 30 years of experience, served as the Bank’s Chief of Country Operations in East Asia and the Pacific that includes the Philippines from 1994 to 1996. 

With its official goal of poverty reduction, the World Bank as an international financial institution provides loans to developing countries for capital programs.

Cox's delegation will link with some 4,700 foreign and domestic delegates that include government officials and other development partners to learn about the country’s poverty situation and discuss potential solutions with its key officials and learn more about the country’s work to improve governance and alleviate poverty.

While in Manila, Cox will also visit beneficiaries of the government’s conditional cash transfer program, “Pantawid Pamilya”, which provides families with cash if they send their children to school and comply with health checks.

With support from World Bank, the Philippine governments conditional cash transfer program was launched in 2008; it has already benefitted about 2.3 million households that include children age 0 up through 14 years old.

A plan to expand the program this year will bring the number of beneficiaries to three million households with a budget of P39 billion pesos.

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