MANILA – The Department of Finance (DOF) is set to draw this week US$80 million (about Php4-billion) of the World Bank’s (WB) US$500-million standby credit line extended to the Philippines...
MANILA, Philippines — The World Bank on Thursday (July 8) issued an apology for ‘inadvertently’ publishing a report that described the Philippines’ education system as lagging behind other countries. It...
MANILA, Philippines—The World Bank has approved a $500 million loan (P24 billion) for the Philippines to help fund its coronavirus disease (COVID-19) response program. In a statement released on...
MANILA, Philippines – The Philippine government has signed a $370-million loan agreement with the World Bank for a project that aims to speed up the process of the country’s program...
Beijing, China – International organizations including the International Monetary Fund and the World Bank warned Thursday that the world is facing a synchronized economic slowdown stemming from factors such as...
MANILA – The Philippines’ ranking in the World Bank 2020 Ease of Doing Business report climbed 29 notches from the previous year, the multilateral lender said on Thursday. Out of...
MANILA, Philippines – Migrant workers contributed a huge share in the country’s economy in 2018, according to a recent World Bank report. Based on the World Bank’s April 2019 Migration...
MANILA, Philippines — The World Bank (WB) expects a 6.4 percent growth in the Philippine economy in 2019 despite the “lingering global and local uncertainties.” The international financial institution also...
At the end of a climate summit organized by France two years after the Paris accord was signed, French President Emmanuel Macron announced 12 non-binding commitments, from a $300...
MANILA, Philippines – The Philippines ranks 113th in World Bank’s ease of doing business report this year. It means a drop by 14 places as compared to last year’s 99th...
