(4) Political clientelism, cronyism and rent-seeking, we need less of it, not more.
I read this story first time in August 2010. The original plan was a $280 M (P12.7 B) ADB loan, which later moved upwards to $300 M loan. With due respect to my friends who work at the ADB, but I think this is among those lousy, debt-pusher (no different from drug-pusher) attitude of the ADB in riding the climate alarmism movement.
I hope that the next administration will cut and discontinue this lousy debt-pushing project by the ADB.