Axel van Trotsenburg, World Bank Vice President for East Asia and Pacific, gestures during a news conference at the country's new financial hub of Bonifacio Global City at suburban Taguig city, east

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Axel van Trotsenburg, World Bank Vice President for East Asia and Pacific, gestures during a news conference at the country's new financial hub of Bonifacio Global City at suburban Taguig city, east of Manila, Philippines Friday July 12, 2013. The World Bank has released a $300 million development loan to the Philippines to support the government’s poverty reduction efforts. (AP Photo/Bullit Marquez) less 

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Associated Press
Fri, Jul 12, 2013 10:15 PM EDT