ON May 8, the World Bank issued an Implementation Status Report (ISR) for the Cebu Bus Rapid Transit (BRT) project, a flagship infrastructure project envisioned more than a decade ago as the backbone of a modern, efficient public transportation network in the Philippines’ rapidly growing second city. The significant information in the World Bank ISR was that, at the behest of the Philippine government, the multilateral lender is giving up on the project, moving to cancel $84.9 million of the