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Officials of the Commission on Audit and the Asian Development Bank met on Wednesday to discuss support for COA ’s audit of foreign-assisted projects, public debt audit and Public Financial Management reforms.The ADB discussed its project portfolio in the country, saying the stronger partnership with the Philippine government in view of its growing volume of financial portfolio which is expected to increase by more than 100% in the next three years.
COA representatives gave an overview of COA’s audit of ADB-financed foreign-assisted projects in the DPWH, DOTr, DSWD and DOH such as the Improving Growth Corridors in Mindanao Road Sector Project, South Commuter Railway Project, Integrated Flood Resilience and Adaptation Project - Phase 1 and Metro Manila Bridges Project, Social Protection Support Project, ESAP, HEAL 1 and HEAL 2, among many others.
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