The World Bank has approved a fresh loan to the Philippines that aims to ensure the local financial sector’s stability as well as support the nation's economic recovery. In a statement, the World Bank announced on Friday, June 25, that a $400 million development policy loan (DPL) was approved to...
The World Bank will provide additional financing and grant to increase rural incomes as well as enhance farm and fishery productivity in the targeted areas in the Philippines. In a statement, the Washington-based multilateral institution said on Friday, June 18, that it approved $280 million...
The World Bank said the Philippines needs to invest more in programs tackling childhood undernutrition to eliminate a “silent pandemic” afflicting many of the country’s poor and vulnerable population. In a World Bank report entitled “Undernutrition in the Philippines: Scale, Scope and...
The World Bank has hailed the “exceptional performance” of Department of Social Welfare and Development’s (DSWD) Kapit-Bisig Laban sa Kahirapan - Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) National Community-Driven Development Program (NCDDP) in providing...
The World Bank has expressed fear that the forthcoming transfer of some national government’s responsibilities to local executives may hamper the delivery of basic services to the public. In a statement released by the Washington-based financial institution on Thursday, June 10, the bank noted...
The World Bank expects the Philippine economy will recover at a much slower pace than initially estimated due to resurgence of coronavirus infections and prolonged movement controls that held back the nation’s early signs of a rebound. The Washington-based financial institution on Tuesday, June...
The Philippines has secured another loan from the World Bank to finance a new project that aims to improve selected government buildings in Metro Manila and strengthen the capacity of the Department of Public Works and Highways (DPWH). In a statement, the Washington-based financial institution said...
The Department of the Interior and Local Government (DILG) commended on Wednesday, June 2, the House of Representatives for the passing in the third and final reading some key amendments on the economic provision of the 1987 Constitution. “We congratulate Speaker (Lord Allan) Velasco for proving...
Transportation costs for crops will be drastically reduced once the 4.9-kilometer agricultural road carved atop the mountainous municipality of Banaue in Ifugao is completed, the Department of Agriculture (DA) said. CARVED OUT OF THE MOUNTAIN-- The 4.9-kilometer Viewpoint-San Fernando...
The United Nations (UN) in the Philippines and the United States Embassy in Manila welcomed the delivery of more than two million doses of AstraZeneca vaccines to the Philippines under the COVAX facility, the international partnership established to ensure equitable distribution of COVID-19...
The Anti-Red Tape Authority (ARTA) vowed to double its efforts to further make positive changes in the Ease of Doing Business (EODB) situation in the country as the agency cited the Philippines' continued performance in the said arena. ARTA ARTA Director-General Jeremiah Belgica made the statement...
75 YEARS OF PH-US RELATIONS The US government has committed to continue extending economic assistance to the its ally the Philippines in the form of grants for infrastructure projects, investment insurance coverage, technical and sustainability assistance as both countries marked their 75...
