The Philippines is set to sign a record-high $1-billion loan agreement, or about ₱55.8 billion, from the World Bank to provide budgetary support for the country’s major infrastructure projects aimed at boosting the agriculture sector. According to the World Bank’s website, the funding support...
Washington-based World Bank has retained its below-target 5.3 percent growth forecast for the Philippines in 2025 as heightened policy uncertainties and softer business and consumer confidence continue to weigh on investment, exports, and consumption across the region, including the Philippines....
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...
The World Bank Group (WBG) has imposed a 4.5-year debarment on L.S.D. Construction & Supplies, a construction firm in the Philippines, for “collusive, fraudulent, and corrupt practices” linked to the Philippine rural development project (PRDP). In a May 28 statement posted on its website, the...
The Philippines is scheduled to borrow a total of $7.85 billion, or over ₱437 billion, from the Washington-based World Bank in the next two years under their new six-year lending program aimed at supporting the climb to upper-middle-income country (UMIC) status. The country partnership framework...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
The World Bank Group (WBG) will extend to the Philippines between $22 billion and $23 billion—or as much as over ₱1.2 trillion—in loan and other financing starting mid-2025 until 2031 to support both public and private initiatives aligned with the country 's climb to upper-middle-income...
Women in the Philippines are more at risk of losing their jobs due to the emergence of artificial intelligence (AI), according to the Washington-based multilateral lender World Bank. "In EAP [East Asia and Pacific], women, the more highly educated, and workers in commerce and trade sectors are more...
The board of executive directors of the Washington-based World Bank has approved the group ’ s new lending program, or so-called country partnership framework (CPF), for the Philippines covering the years 2026 to 2031, with a focus on boosting investment in education, health, job creation,...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
A new World Bank loan aimed at strengthening the Philippines ' health system is facing delays as the Washington-based multilateral lender awaits a go-signal from the Department of Justice (DOJ). "The project will become effective upon obtaining the legal opinion from the DOJ and the adoption...
