House Speaker Martin Romualdez (Speaker’s office) The World Bank's (WB) upgraded forecast on the Philippines' economic performance speaks positively about Filipinos' resilience, House Speaker Martin Romualdez said in a statement on Thursday, June 8. “This upgraded forecast reinforces the...
President Ferdinand “Bongbong” Marcos Jr. called on stakeholders to support the implementation of the P45.01 billion Philippine Rural Development Project (PRDP) Scale-Up, which he said would benefit Filipino farmers, fisherfolk, and consumers. President Ferdinand Marcos Jr. meets with World Bank...
The World Bank (WB) has reiterated its strong support for the Marcos administration in its quest to achieve its vision of becoming a prosperous, inclusive, and poverty-free society by 2040. *File photo* World Bank Managing Director for Operations Anna Bjerde said this as she concluded her two-day...
The European Chamber of Commerce of the Philippines (ECCP) has called for the timely implementation of the Maritime Industry Development Plan (MIDP), which identify priority programs to be implemented till 2028 to develop and make the Philippines maritime sector globally competitive. The ECCP...
Multilateral financier World Bank has urged the government to give incentives for investments in climate smart agriculture, renewable energy (RE) and to tap ESG (environmental, social, governance) bonds to finance climate actions countering disasters.
Presenting its Country Climate and...
WASHINGTON, United States (AFP) – The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising...
The Marcos administration's economic team will be in the United States (US) this week to paint a resilient, fast-growing, open, united, and politically stable Philippines on the sidelines of the World Bank-International Monetary Funk (WB-IMF) Spring Meetings in Washington, D.C. *Malacañang photo*...
WASHINGTON, United States (AFP) -- The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability....
The World Bank said the quality of jobs, particularly for Filipino youth, remained a concern in the country despite strong rebound of the economy from the prolonged pandemic. In a report released on Wednesday, March 22, the Washington-based multilateral institution said that over 60 percent of the...
The World Bank has granted a fresh P32.7-billion loan to the Philippines to boost the country’s resiliency and sustainability of its financial sector as well as strengthen economic recovery from the pandemic. In a statement on Tuesday, Jan. 31, the Washington-based lender said its approved the...
Given suboptimal performance and persisting inequitable access, the Philippine education system needs swift action to address the current education crisis, state think tank Philippine Institute for Development Studies (PIDS) emphasized. A study “Philippine Education: Situationer, Challenges, and...
Officials of the Bureau of Customs Project Management Unit (BOC-PMU) met with representatives of the World Bank and discussed matters to further improve the services especially at the Manila International Container Port (MICP). In a statement, the BOC said World Bank representatives led by...
