Ben Arnold de Vera
MCC continues threshold program assistance for Philippines
December 20, 2024 7:31 am
Despite the Philippines' failure in weeding out corruption, the US aid arm Millennium Challenge Corp. (MCC) is pushing through with its planned smaller-scale grant assistance.
Philippines to repay ADB for new climate change loan until 2039
December 20, 2024 7:07 am
The Philippines will repay the Asian Development Bank (ADB) until 2039 for the new $500-million policy-based loan it secured to intensify climate change adaptation and mitigation efforts.
Will Cebu's BRT ever be finished? World Bank raises concerns
December 20, 2024 4:33 am
A decade after approving its loan for the Cebu bus rapid transit (BRT) project, the World Bank lamented sluggish implementation and warned it may remain unfinished when the financing ends two years from now.
No remittances impact from Trump plan to deport illegal US migrants—World Bank
December 19, 2024 7:04 am
US President-elect Donald J. Trump's plan to mass deport America's illegal migrants won't dent remittance flows to countries reliant on these cash transfers, according to a World Bank official.
Philippines seeks extension of ADB, World Bank loans for delayed Duterte-era projects
December 19, 2024 7:01 am
Due to project implementation delays, the Philippines is seeking the extension of two loans obtained by the previous Duterte administration from the Asian Development Bank (ADB) and the World Bank.