The Philippine government has successfully locked in almost all of its existing loans with the World Bank, leading to savings of millions of dollars in taxpayer money, the Department of Finance (DOF) has announced. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has...
The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
The Department of Transportation (DOTr) is eyeing to seek assistance from Japan or two other international financial institutions to bankroll three major railways project in Luzon and Mindanao. DOTr Secretary Jaime Bautista said Japan, through its Japan International Cooperation Agency...
The Philippines will benefit from the new credit line approved by the World Bank that aims to minimize the impact of major natural disasters and health crises on the domestic economy, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the $500-million standby credit...
CEBU CITY – Tourism and infrastructure projects were pushed when officials from the World Bank recently visited the province of Bohol. Gov. Aris Aumentado said the recent visit strengthened the ties between the province and the World Bank. BOHOL Gov. Aris Aumentado (center) welcomes officials...
The Department of Education (DepEd) and The World Bank Group discussed possible partnerships to help improve the quality of education in the country. (Photo from Official Facebook Page of Inday Sara Duterte) On her official Facebook page, Vice President and Education Secretary Sara Duterte...
The International Finance Corporation (IFC), which serves as the World Bank Group’s (WBG) private sector investment arm, lauded the Philippines’ new and improved policy framework for public-private partnerships (PPPs). In a meeting with Finance Secretary Benjamin E. Diokno, IFC Regional Vice...
The Department of Public Works and Highways has further strengthened the country’s capability in effectively responding to "The Big One”, which refers to a strong earthquake that may hit Metro Manila and nearby areas and is believed to result in mass casualties. DPWH Secretary Manuel Bonoan...
President Ferdinand "Bongbong" Marcos Jr. has commended the World Bank for its "desirable shift" in its post-pandemic interventions, particularly in the Philippines. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) "I have to commend the World Bank because now I’m looking...
State-run National Power Corporation (NPC) and its foreign development-partners have gained traction on rural solar photovoltaic (PV) installations that are set to benefit at least four electric cooperatives (EC) in Visayas and Mindanao grids. Via the Access to Sustainable Energy Programme (ASEP)...
Senior Deputy Speaker Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. (Facebook) The Philippines can do better than the upgraded Gross Domestic Product (GDP) forecast of the World Bank (WB), as far as Senior Deputy Speaker Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. is concerned....
House Speaker Martin Romualdez (center) (Speaker’s office) Speaker Martin Romualdez refuses to let any "distraction" get the better of the House of Representatives when it comes to its task of legislating solutions to the country’s problems. Romualdez had this to say Thursday, June 8 amid the...
