Development banks should comply with strict environmental and human rights rules to ensure that their projects benefit and do not harm the poorest groups. Both ENDS monitors the banks to make sure they do.
The Asian Development Bank (ADB) and the World Bank will donate $23 million to the Philippines, but will also provide a loan of $500 million to this country for the reconstruction of the areas damaged by the storm. According to ‘NGO Forum on ADB,’ Both ENDS’ partner organisation, these banks abuse this crisis. The debt will have to be repaid with interest and Philippine society will end up paying the price.
Currently a new highway is being constructed which will connect Hanoi (Vietnam) to Kunming (China). The project, partially financed by the Asian Development Bank (ADB), aims to stimulate economic development in the region throughout the construction of this "economic corridor".