Saturday, May 9, 2026
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Tag: World Bank

World Bank grants $110 million Mindanao educational assistance

By Julito G. Rada The World Bank has approved a $110-million (around P6.16 billion) assistance to improve the quality of education in Mindanao. In a statement...

Bangko Sentral launches Open Finance PH Pilot

The Bangko Sentral ng Pilipinas, backed by the International Finance Corp. and the World Bank, launched on Wednesday the Open Finance PH Pilot to...

World Bank approves $750-m loan for PH

The World Bank said Wednesday it approved a new financing support worth $750 million or P41.25 billion for the policy reforms of the Philippines...

World not on track to reach renewable energy objective

The world is not on track to meet Sustainable Development Goal 7, or the agenda that seeks to ensure access to affordable, reliable energy...

Accerated decarbonization to leave $10b worth of stranded coal plants

The World Bank said Thursday an accelerated decarbonization scenario would leave the Philippines with $10 bilion worth of stranded coal-fired power plants. “The accelerated decarbonization...

World Bank hikes PH growth forecast to 6%

The World Bank on Wednesday raises its 2023 growth projection for the Philippines to 6.0 percent from 5.6 percent on robust consumer spending amid...

World Bank urges PH to give perks on ‘smart agriculture’

The World Bank has urged the government to grant the private sector incentives to invest in climate smart agriculture and renewable energy and tap...

World Bank asks PH to grant incentives on climate-smart projects

The World Bank asked the Philippine government to give incentives that will encourage the private sector to invest in climate smart agriculture and renewable...

WB members agree to hike lending by $50b

NEW YORK—World Bank member countries have endorsed measures allowing a $50-billion lending boost over the next decade, its outgoing president David Malpass said Wednesday. The...

WB, IMF meetings underway amid complex environment

WASHINGTON, USA—The World Bank and International Monetary Fund’s spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to...

Stocks tumble as WB cuts growth forecast

Stocks tumbled Friday after the World Bank reduced its 2023 gross domestic product growth forecast for the Philippines and the Bangko Sentral ng Pilipinas...

Gov’t to raise ‘healthy citizens,’ to deal with malnutrition among kids

One in three Filipino children under the age of 5 is stunted, the Department of Health said Wednesday—a situation that a P10 billion World...

PH to get fresh $600-m loan for COVID recovery

The Philippines will get a $600-million policy loan from the World Bank for the government’s COVID-19 recovery efforts. The World Bank said it has approved...

After 10 years, K-12 doesn’t look A-1

If we’re to believe the World Bank, Philippine education is in serious crisis. That’s because one in every four Grade 5 students does not have...
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