DESTROYED. Batangas 1st District Representative Leandro Leviste's team inspects a flood control project in his district, August 2025.
Lingkod Legarda Leviste Facebook page
Scrutiny triggered by corruption in flood control projects spoils investor confidence and is a key factor why the World Bank cut its 2026 Philippine growth forecast to 3.7% from 5.3%
MANILA, Philippines – The government’s effort to clean up alleged corruption in infrastructure is meant to restore confidence in how public money is spent, but for now, the uncertainty surrounding the review has stalled projects and made investors more hesitant to commit money to the Philippines.
The World Bank identified the infrastructure disruption as one of the two main reasons Philippine economic growth has slowed, alongside the surge in global energy prices caused by the Middle East conflict.
