Topic

World Bank

The World Bank continues to play a significant role in supporting the Philippines through various development projects, including modernizing government operations, improving climate resilience for farmers, and enhancing digital infrastructure. Recent initiatives focus on economic growth, job creation, and poverty reduction, with the Philippines aiming to transition to an upper-middle-income country by 2027. These efforts involve collaboration with the government and international partners to address challenges such as trade uncertainties and climate change.

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This is an AI-generated summary based on recent coverage. It was last updated on Sat, October 11, 2025 at 1:23 AM

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Recent developments on World Bank

Thu, October 9, 2025 at 3:21 PM

DepEd bolsters disaster readiness with digital tools post-quake

The Department of Education (DepEd) is enhancing its disaster preparedness and response systems with new digital tools and resources following a recent earthquake.

Tue, October 7, 2025 at 3:05 PM

World Bank keeps PHL GDP growth forecast at 5.3% for 2025

The World Bank maintained its Gross Domestic Product (GDP) growth forecasts for the Philippines at 5.3% for 2025 and 5.4% for 2026, remaining unchanged from June.

Tue, September 16, 2025 at 12:00 AM

Philippine fisheries production to rebound in H2 2025 on govt support

Philippine fisheries production is projected to rebound in the second half of 2025 following a 2.6 percent contraction in the second quarter.

Mon, September 8, 2025 at 1:38 PM

CSC launches P3.88B modernization project to digitize bureaucracy

The Civil Service Commission (CSC) has launched the Philippine Civil Service Modernization Project (PCSMP) to digitally transform the bureaucracy and improve public service delivery.

Mon, September 8, 2025 at 12:00 AM

DA, World Bank launch $70M climate insurance fund for farmers

The Department of Agriculture (DA) and the World Bank are collaborating to establish a $70 million climate insurance fund aimed at supporting farmers and fisherfolk.

Thu, July 31, 2025 at 3:47 PM

ODA portfolio up 6% to $39.61B in 2024

The Philippines' total official development assistance (ODA) portfolio increased by 6 percent to USD39.61 billion in 2024, according to the Department of Economy, Planning, and Development (DEPDev).

Tue, July 29, 2025 at 7:03 PM

DTI seeks more funds for MSME financing program

The Department of Trade and Industry (DTI) is requesting additional funding to expand its financing program for micro, small, and medium enterprises (MSMEs).

Wed, July 23, 2025 at 3:11 PM

Cebu BRT pilot ops to start in September with 3 stations

The Department of Transportation (DOTr) will begin pilot operations for the Cebu Bus Rapid Transit (Cebu-BRT) in September, with at least three stations operational.

Thu, July 17, 2025 at 12:02 AM

Filipino adults financial account ownership slightly dips in 2024

As of end-2024, 50.2% of Filipino adults aged 15 and above possessed financial accounts, a slight decrease from 51.4% in 2021, according to the World Bank's Global Findex 2025 report.

Tue, July 15, 2025 at 2:45 PM

WB: PH can be middle-class by 2040 with reforms

The Philippines can achieve middle-class status by 2040 by implementing reforms that focus on job creation and productivity, according to a World Bank report.