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...
Two ongoing project loans for the Philippines, aimed at improving the livelihood of farmers and fisherfolk, are bearing fruit, according to the World Bank. The Washington-based multilateral lender 's latest implementation status and results reports for two investment project financing (IPF)...
The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago. "The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
No Philippine budget cover from 2023 to 2025 The World Bank has once again flagged delays in a project it is funding to better equip Metro Manila against earthquakes, which may prove more costly when the Philippines ' capital region is shaken by the anticipated "Big One." "Despite significant...
Filipinos will repay another World Bank loan until 2053, after the Marcos administration's chief economic manager signed the agreement for the Philippines first energy transition and climate resilience development policy loan (DPL). On behalf of the Philippine government, Finance Secretary Ralph G....
The Marcos administration's chief economic manager has signed another loan agreement with the World Bank, committing to repay the concessional financing until 2053. A World Bank document showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
Liberalized rice trade in the Philippines not only pulled prices down but also benefited farmers as well as the poor, according to the World Bank. The World Bank deems short-term subsidies—like the so-called "NFA rice" of the past—as ineffective in lifting the food-poor from their plight, as...
