Tag: World Bank
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P15-B World Bank loan to boost water access
The Philippines has secured nearly P15 billion in World Bank financing to expand clean water and sanitation services in underserved communities, as growing climate risks heighten concerns over water security.
World Bank Cuts Philippine Growth Outlook for 2027
The Philippine economy is headed for a sharper slowdown in 2026 as elevated energy costs, weak public investment and subdued business confidence weigh on domestic demand, the World Bank said, while lowering its growth outlook for next year.
Philippines puts World Bank fiscal reforms to test
The Philippine government is moving to translate the World Bank’s Public Finance Review into concrete fiscal reforms, with economic officials stressing that better tax collection and spending will matter only if recommendations result in measurable improvements for citizens.
PH moves on World Bank fiscal review, tax reforms
The Philippine government said it will act on recommendations from the World Bank’s latest Public Finance Review, putting a sharper focus on broadening the tax base, improving revenue collection and ensuring that public spending translates into measurable gains for Filipinos.
Cheaper power could unlock 161,000 jobs, World Bank says
Accelerating power sector reforms could slash electricity prices, create more than 161,000 jobs and lift about 730,000 Filipinos out of poverty by 2030, with the World Bank arguing that lower energy costs may be one of the country's biggest catalysts for faster and more inclusive economic growth.
