
Marcos praises World Bank’s ‘desirable shift’ in post-COVID era
President Ferdinand Marcos Jr. has commended the World Bank for realigning its programs to address emerging challenges in the post-Covid-19 pandemic setting.
President Ferdinand Marcos Jr. has commended the World Bank for realigning its programs to address emerging challenges in the post-Covid-19 pandemic setting.
In a groundbreaking initiative to promote sustainable energy solutions, the European Union (EU), the World Bank and the National Power Corporation (Napocor) have come together to inaugurate rural network solar power plants in the Philippines.
The Department of Finance and the World Bank have signed a US$600-million loan agreement for the Philippine Rural Development Project Scale-Up.
The Department of Finance has signed several loan agreements worth US$1.14 billion with the World Bank to finance various government initiatives.
The Philippines and the World Bank have signed four loan agreements amounting to $1.14 billion to accelerate economic recovery, improve the quality of education and develop the agriculture and fisheries sectors.
Speaker Ferdinand Martin Romualdez has welcomed the latest forecast of the World Bank, which shows that the Philippine economy will expand at a faster rate than previously anticipated.
President Ferdinand Marcos Jr. urged various stakeholders to expedite the Philippine Rural Development Project Scale-Up that aims to develop the country’s agricultural sector.
The World Bank and the Asian Development Bank (ADB) have offered to finance the Marcos administration’s food stamp program from 2024 to 2027, the Department of Social Welfare and Development (DSWD) said.
The World Bank has committed to help the Philippines attain its goal of becoming a poverty-free society by 2040.
Escudero said reviewing how the loans that the World Bank (WB) and the Asian Development Bank (ADB) had extended to the Philippines was a condition set by the foreign lenders.