The World Bank said its loan-funded Philippine Fisheries and Coastal Resiliency (FishCoRe) Project is making progress even as the Washington-based multilateral lender slightly downgraded the project’s overall implementation ratings. In a Sept. 5 implementation status and results report, the World...
The passage into law of the Konektadong Pinoy Act is seen by the World Bank as a positive development toward digital transformation in the Philippines. In an Aug. 28 implementation status and results report, the Washington-based multilateral lender said the rollout of the Philippines Second Digital...
The World Bank has noted improved implementation of an extended loan that supports breaking down collective certificates of land ownership awards (CLOAs), or titles given to agrarian reform beneficiaries (ARBs) in the Philippines. In an Aug. 21 implementation status and results report seen by...
Real estate giant Ayala Land Inc. (ALI) will be raising ₱10 billion this month from a multilateral sustainability-linked loan as part of the ₱50 billion in funds it will be securing in the second half of the year. In an interview, ALI Chief Finance Officer (CFO) Augusto Bengzon said that ₱30...
Another loan from the World Bank is forthcoming for the Philippines, this time to finance the country’s fight against epidemics by strengthening both human and animal health systems to improve pandemic preparedness. According to a Aug. 12 concept environmental and social review summary...
The implementation of a World Bank loan aimed at repairing and rehabilitating disaster-damaged schools in nine regions outside Metro Manila is off to a good start, the Washington-based multilateral lender said. In a July 31 implementation status and results report, the World Bank said the overall...
Washington-based World Bank will be providing $700 million, or approximately ₱35 billion, worth of funding for the Philippines Community Resilience Project, which aims to strengthen resilience in vulnerable and poor areas. According to the multilateral lender, the project aims to cover 500...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
President Marcos has cited the role of the World Bank in the Philippines ' goal to build critical infrastructure and boost preparedness against climate change and natural disasters. During the ceremonial turnover of the World Bank Group Philippines Country Partnership Framework (CPF) for...
The World Bank Group’s (WBG) International Finance Corp. (IFC) is considering another round of investment financing support for Ayala Land Inc. (ALI), including for the property giant’s ongoing renovation and expansion of its flagship malls to make them “greener.” A World Bank document seen...
The World Bank considers liberalized rice trade as a boost to the Philippine agriculture sector, even as the Marcos Jr. administration is moving to reinstate the National Food Authority’s (NFA) old regulatory powers. “Strategic shifts are underway to reinvigorate transformation of the...
Despite the vulnerability of Filipino households to socioeconomic shocks and natural disasters, their access to financial services remains a laggard compared to the Philippines’ regional and income-level peers, the 2025 Global Findex Database of the World Bank showed. According to the World...
