Thursday, May 21, 2026
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Tag: World Bank

World Bank slashes China growth forecast over Covid damage

By Beiyi Seow The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that Covid disruptions could further...

State crop insurer prone to losses — WB

State-run Philippine Crop Insurance Corp.’s approach to agricultural insurance neither provides value for money to taxpayers nor adequate protection to farmers, according to a...

World faces biggest energy turmoil since 1970s — WB

WASHINGTON, United States—Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at “historically high”...

World Bank approves extra $489 million support package for Ukraine

The World Bank on Monday approved an additional $489-million package in support for Ukraine, to be made available immediately and dubbed "Financing of Recovery...

MMDA, World Bank execs meet to solve flooding

Metropolitan Manila Development Authority officials met with representatives from the World Bank over the weekend and discussed the status of the agency’s program to...

World Bank preparing $3 billion emergency aid package for Ukraine

The World Bank announced Tuesday that it is preparing a $3 billion aid package for war-torn Ukraine, which will including at least $350 million...

Diokno assures stability of banks amid WB’s rising bad debt warning

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Wednesday downplayed the observation of the World Bank that the rising bad debt of accumulated by...

Filipinos’ financial literacy needs more push, Home Credit survey reveals

The pandemic pushed many Filipinos to be mindful of their personal finances. However, there’s still immense concern on the state of financial literacy in...

Gov’t to release P5B in aid

Draws P4B from WB standby loan, taps P1B from OP contingency fund Some P5 billion in aid will be released this week to help victims...

World Bank OKs $600 million ‘reform’ loan

The World Bank has approved a $600 million loan to finance the country’s reform program designed for a competitive and resilient economic recovery. The Philippines...

World Bank approves $600-million loan to support PH recovery

The World Bank’s board of executive directors approved a $600-million loan to support the Philippine government’s reform program designed to position the country for...

Economy endures pandemic

The Philippine economy bobbed and weaved like a seasoned boxer throughout the 21 months of the pandemic episode. It took hard blows from COVID-19...

ARTA to prepare localized reporting on doing business

The Anti-Red Tape Authority said Thursday it will carry on with the World Bank’s program on Ease of Doing Business in 2022, after the...

World Bank upgrades 2021 PH growth forecast to 5.3%

The World Bank said Tuesday it raised its 2021 growth forecast for the Philippines to 5.3 percent from its previous estimate of 4.3 percent,...
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