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The World Bank said the Philippines needs to invest more in programs tackling childhood undernutrition to eliminate a “silent pandemic” afflicting many of the country’s poor and vulnerable population.

The World Bank has hailed the “exceptional performance” of Department of Social Welfare and Development’s (DSWD) Kapit-Bisig Laban sa Kahirapan – Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) National Community-Driven Development Program (NCDDP) in providing effective and efficient social services to some poorest and most vulnerable communities in the country amid the continued threats of coronavirus disease (COVID-19).

The World Bank has expressed fear that the forthcoming transfer of some national government’s responsibilities to local executives may hamper the delivery of basic services to the public.

The World Bank expects the Philippine economy will recover at a much slower pace than initially estimated due to resurgence of coronavirus infections and prolonged movement controls that held back the nation’s early signs of a rebound.

The Philippines has secured another loan from the World Bank to finance a new project that aims to improve selected government buildings in Metro Manila and strengthen the capacity of the Department of Public Works and Highways (DPWH).

The Department of the Interior and Local Government (DILG) commended on Wednesday, June 2, the House of Representatives for the passing in the third and final reading some key amendments on the economic provision of the 1987 Constitution.

Transportation costs for crops will be drastically reduced once the 4.9-kilometer agricultural road carved atop the mountainous municipality of Banaue in Ifugao is completed, the Department of Agriculture (DA) said.

The United Nations (UN) in the Philippines and the United States Embassy in Manila welcomed the delivery of more than two million doses of AstraZeneca vaccines to the Philippines under the COVAX facility, the international partnership established to ensure equitable distribution of COVID-19 (coronavirus disease 2019) jabs worldwide.

The Anti-Red Tape Authority (ARTA) vowed to double its efforts to further make positive changes in the Ease of Doing Business (EODB) situation in the country as the agency cited the Philippines’ continued performance in the said arena.

The World Bank-funded modernization project of the Bureau of Customs will align the agency’s processes and standards with the world’s best and most efficient customs services, the Department of Finance (DOF) said.

Moody’s Analytics says

Two Philippine cities — Quezon City and San Fernando City — have been cited for their waste recycling collaboration with informal waste pickers that helped stymied poverty as recycling creates jobs in their localities and supports the recovery amid the economic difficulties during the pandemic, according to a global study on the impact of waste recycling by informal sector.

Developing countries in East Asia, including the Philippines, need to support innovation to promote productivity growth and economic progress, a new World Bank report revealed.

WASHINGTON (AFP) – The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if Covid-19 infections accelerate or the vaccine rollout is delayed.

Debt service burden down 8%

The World Bank has approved two loans to the Philippines to support the country’s recovery efforts from the coronavirus pandemic, improve competitiveness, as well as build resilience against shocks and natural disasters.

Climate-related challenges remain formidable threats to the Philippines’ gradual recovery from the prolonged coronavirus pandemic, the Department of Finance (DOF) said.Speaking at a virtual World Bank forum, Finance Secretary Carlos G. Dominguez III acknowledged the urgency of implementing stronger adaptation measures to help Filipinos survive and thrive amid the climate crisis.

The World Bank expects the Philippine economy to slip deeper than initially estimated, but the level of contraction will be less severe than the Duterte administration’s projection.