Marcos Jr. assures foreign aid providers of zero tolerance for fund wastage

President Ferdinand Marcos Jr. assured foreign aid and loan providers that the Philippines will not tolerate the wastage of public funds, emphasizing a zero-tolerance policy for "measurement without action."

The President's remarks were made at the 2025 Philippine Development Forum, where he also announced major reforms to the guidelines for reviewing and approving foreign-assisted flagship programs.

These reforms aim to streamline processes, cut bureaucratic delays, and accelerate public service, as the Economy and Development Council (ED Council) has revised the guidelines of the Investment Coordination Committee (ICC).

Marcos Jr.'s statement comes amid ongoing investigations into billions of pesos worth of alleged corruption-tainted flood control projects, with the administration committed to avoiding the squandering of the nation's coffers.