Philippines, June 25 -- The Philippines has endorsed a government-wide plan, backed by the Asian Development Bank (ADB), to reform how public money is allocated, spent, and accounted for, with the aim of delivering better services for the Filipino people. Public financial management is also a frontline defense against corruption. ADB maintains a zero-tolerance approach to corruption and is working with its developing member countries to plug leaks in public finance and build robust systems. Stronger institutions, tighter controls, and clearer accountability help ensure that development finance delivers real impact for the people who need it most.The Updated Public Financial Management (PFM) Reforms Roadmap 2024-2028 midterm review and its a...