The Philippine delegation to the ongoing 11th Conference of the Parties (COP) of the WHO Framework Convention on Tobacco Control (WHO FCTC) received strong praise from farmer groups and advocates for asserting the country’s sovereign right to assess proposed measures in accordance with national...
President Marcos has signed into law the Lifelong Learning Development Framework (LLDF) that seeks to promote continuous learning opportunities for Filipinos to create an inclusive, skilled, and productive nation. Marcos signed Republic Act No. 12313 on Oct. 23. Under RA 12313, the LLDF establishes...
The Philippines will borrow $800 million, or over ₱45 billion, from the World Bank next year for another development policy loan (DPL) that aims to increase clean energy use and enhance water management in the country. In a Sept. 23 project information document (PID), the Washington-based...
The Philippines will repay its latest $700-million (over ₱39-billion) World Bank loan, which is aimed at strengthening community resilience, until 2053. The latest World Bank documents showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
Association of Southeast Asian Nations (ASEAN)+3 policymakers, including the Philippines, are urged to balance near-term spending with long-term fiscal discipline as shrinking fiscal space and rising debt costs stress the need for consolidation to meet climate- and aging-related demands, according...
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 Department of Education (DepEd) on Tuesday, July 8, announced that it is scaling up the Healthy Learning Institutions (HLI) program to transform public schools into health-promoting campuses nationwide. From remote mountain barangays to crowded urban classrooms, over 1,500 public schools have...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
The Philippines is seeking a World Bank loan worth billions of pesos to enhance technical-vocational education and training (TVET) in the country. In a concept document dated June 24, the World Bank said the investment project financing (IPF) for the proposed $250.625-million (over ₱14-billion)...
A loan scheduled to be greenlit by the World Bank in October is aiming to improve water supply and sanitation in three Philippine islands. In a June 5 project information document, the Washington-based multilateral lender said its upcoming $275.38-million—or over ₱15-billion—financing for the...
A $600-million (over ₱33-billion) loan scheduled to be greenlit by the Washington-based World Bank in December is aiming to not only help sustain robust economic expansion in the Philippines but also ensure that Filipino workers are ready to reap growth-induced employment. In a June 2 program...
