Philippines: ADB enters an arrangement with World Bank for co-financed projects

06 Dec 2018: Asian Development Bank (ADB) Thursday said it has entered into an arrangement with the World Bank to put in place a single framework that will make co-financed projects more efficient. ADB's first Alternative Procurement Arrangement (APA) with the World Bank will allow procedures on co-financed projects to follow a single procurement framework, it said in a statement. The new arrangement allows co-financed projects to be implemented more efficiently by applying a single framework to the whole project.