Philippines: ADB to implement new procurement framework from July

21 April, 2017: The Asian Development Bank has decided to adopt a new framework to transit from a 'one size fits all' to a 'fit for purpose' approach to procurement in ADB-financed projects. Manila headquartered ADB saw the value of contracts awarded in its projects rise by almost 40 per cent from USD 6.8 billion in 2013 to USD 9.5 billion in 2016.