Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
Opposition Rep. Ferdinand Gaite (Bayan Muna Partylist) on Tuesday, Nov. 2 called on the Duterte administration to repeal the automatic debt servicing law that the late former President Ferdinand E. Marcos has decreed. Rep. Ferdinand Gaite-Bayan Muna Gaite said government should realize that...
The Department of Agriculture (DA) is close to securing the approval for the Fisheries and Coastal Resiliency (FishCoRe), a P10-billion project to be funded by World Bank. The project, which will run for seven years, is the first World Bank project to be implemented with the Bureau of Fisheries and...
Not even half of the coronavirus vaccine doses funded by the World Bank have arrived in the Philippines, the Washington-based multilateral institution reported on Tuesday, Oct. 19. In a statement, Ndiame Diop, World Bank country director for the Philippines said only 4.73 million doses of vaccines...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The World Bank trimmed its growth forecast for the Philippines this year and expects the country's economic activity to return to pre-pandemic level by 2023 yet because the government is likely to miss the goal of vaccinating most of its population by the end of 2021. Based on the World Bank East...
The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
In response to the learning crisis in the country, advocacy group Philippine Business for Education (PBEd) urged President Duterte to certify as urgent the Education Commission (EDCOM) Joint Resolution. (ALI VICOY / MANILA BULLETIN) “We are in a learning crisis unlike any other,” said PBEd...
The Philippines is urged to adopt a cluster approach by leveraging on sectors where it has built competitiveness, redeployment of resources to growth sectors, and rethink skills development of its workforce, a World Bank official said. At the virtual "ThrivePH Session 3: Exploring Opportunities for...
They find factors affecting students that are often overlooked in education reform Earlier this month, the Department of Education (DepEd) called out the World Bank (WB) for basing their report on 2018 and 2019 data from three international assessments and for not even acknowledging the...
Even after the Philippine government - as demanded by the Department of Education (DepEd) - got the apology it wanted from the World Bank (WB), a group maintained that the state of Philippine education remains in crisis. JOJO RINOZA / FILE PHOTO / MANILA BULLETIN “The Philippine government got...
Even as the World Bank already apologized for inadvertantly releasing a report on the poor learning outcomes of Filipino children, Senator Sherwin Gatchalian believed that the government should be open to accepting its findings to address what he also considered a "crisis" in the Philippines'...
