Tag: World Bank

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Philippines climbs, reforms power business confidence

Economy Context.ph Context.ph -
The Philippines landed at 53rd out of 101 economies in the World Bank Group’s 2025 Business-Ready (B-READY) Report, placing the country squarely at the midpoint of an expanded global ranking and signaling steady reform momentum.

DA eyes $1B World Bank loan for sustainable agriculture

Agriculture Context.ph Context.ph -
The World Bank and the Philippine government are moving forward with a landmark agreement that could reshape the country’s agriculture sector. At a recent meeting, agriculture secretary Francisco P. Tiu Laurel Jr. and World Bank country director Zafer Mustafaoglu reviewed the progress of the Philippine Sustainable Agricultural Transformation (PSAT) loan program, with the goal of finalizing the USD1 billion loan agreement in July.

New IFC regional chief calls for greater private investments in Asia-Pacific

Top News Context.ph Context.ph -
The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific. 

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US backs Luzon Corridor, energy partnership push

Trade & Investments 0
The US has reaffirmed its support for the Luzon Economic Corridor (LEC), signaling that economic cooperation is becoming an increasingly important pillar of the longstanding US-Philippines alliance alongside defense and security ties.

Filipino design finds prime 5th Avenue stage

Trade & Investments 0
Philippine furniture and home décor makers are gaining a coveted showcase in the heart of Manhattan as the Likhang Filipino exhibition brings the country's design craftsmanship to one of the world's most influential commercial corridors.

IMF flags legal, cyber risks in digital peso push

Top News 0
The International Monetary Fund (IMF) has urged the Bangko Sentral ng Pilipinas (BSP) to strengthen its legal, operational, and cybersecurity foundations as it advances plans to explore a wholesale central bank digital currency (wCBDC), highlighting the growing complexity of building next-generation financial infrastructure.

US crab ban threatens key export lifeline

Agriculture 0
The Philippines' blue swimming crab industry is facing a major threat to one of its most important export markets, prompting exporters to call for urgent government intervention before a looming US import restriction takes effect.

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