Procurement woes hamper implementation.
MANILA, Philippines – One in three foreign-funded projects remains hobbled by delays despite general improvement in disbursements in the first semester, according to the National Economic and Development Authority.
Neda reported that 31 ongoing official development assistance (ODA) projects had used less than half of funds released “due to procurement-related and financial processing issues and other issues such as right-of-way.”
Data from Neda showed that a total of $826.6 million in ODA money was disbursed from January to June, an increase of 96 percent from the same period of 2008.
Ongoing projects covered under 91 loans account for a total of $8.07 billion.