World Bank launches CPF for PH, aims 4M jobs, 19M broadband access

The World Bank has unveiled a new Country Partnership Framework (CPF) for the Philippines aimed at enhancing resilience to external shocks.

Finance Secretary Ralph G. Recto stated that the CPF aligns with the government's priorities, including healthcare, education, job creation, and digitization.

The CPF targets generating 4 million new or improved jobs, expanding broadband access for 19 million Filipinos, and mobilizing $2 billion in private capital.

Recognizing the Philippines' vulnerability to natural disasters and climate change, the CPF emphasizes resilience by supporting social protection programs for 12.5 million beneficiaries and enhancing climate resilience for 13 million people.

The World Bank forecasts a slower growth rate of 5.4% in 2026 and 5.5% in 2027, which falls short of the government's target of 6-8% growth until 2028.