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Posts by tag

World Bank

22 posts
  • The Economy

Stronger Climate Action Will Support Sustainable Recovery and Accelerate Poverty Reduction in the Philippines

  • November 10, 2022
  • Balikbayan Media Center
MANILA – Climate change is exacting a heavy toll on Filipinos’ lives, properties, and livelihoods, and left unaddressed, could hamper the country’s ambition of becoming an upper middle-income country by…
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  • Health

International Finance Corporation Partners with Quezon City in the Philippines to Strengthen Pandemic Response Efforts

  • March 24, 2022
  • Balikbayan Media Center
Quezon City, March 23, 2022—The Philippines’ biggest city is planning to strengthen its pandemic response efforts with the support of the International Finance Corporation (IFC), the largest global development institution…
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  • The Economy

Union Bank of the Philippines to Issue First Social Bond with Investment from IFC

  • July 24, 2021
  • Balikbayan Media Center
Tens of thousands of jobs are expected to be created over the next seven years through a new social bond to be issued by one of the Philippines’ leading banks…
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  • Entrepreneur

IFC and CARD MRI Partner to Help Filipina Entrepreneurs Weather COVID-19

  • December 23, 2020
  • Balikbayan Media Center
Manila, December 22, 2020— Women entrepreneurs in the Philippines stand to benefit from new loans issued to two of the country’s largest microfinance institutions, which will help keep businesses afloat and…
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  • The Economy

Philippines exploring innovative financing to protect fiscal health vs adversities

  • December 11, 2020
  • Balikbayan Media Center
Department of Finance Secretary Carlos Dominguez III said Wednesday, December 9 that the Philippines is looking forward to a strengthened partnership with the World Bank (WB) in boosting the country’s…
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  • Asia

Micro, Small, and Medium Businesses and Farmers Benefit from More Than Half a Billion Dollars in COVID-19 Support in Asia-Pacific Region

  • August 24, 2020
  • Balikbayan Media Center
Manila, Philippines — Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of COVID-19 crisis response…
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  • Real Estate

Philippines: New Project to Help Provide Individual Land Titles to 750,000 Agrarian Reform Beneficiaries

  • June 27, 2020
  • Balikbayan Media Center
Washington, DC – Around 750,000 people are expected to gain improved land tenure security and stable property rights through a new project that will facilitate land titles for over 1.3…
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  • The Economy

Philippine economy to bounce back in the next 2 years, strong fundamentals continue to sustain economy says World Bank Report

  • June 10, 2020
  • Balikbayan Media Center
Battered by natural disasters and the COVID-19 global pandemic, the Philippine economy is projected to contract by 1.9% in 2020. However, according to the World Bank’s latest Philippines Economic Update…
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  • Reports
  • The Economy

Philippines: Social Assistance to Poor Households, Support for Small Enterprises Key to Broad-Based Recovery

  • June 9, 2020
  • Balikbayan Media Center
Hammered by natural disasters and the COVID-19 pandemic, the Philippine economy is projected to contract by 1.9 percent in 2020. But there are good chances that the country can bounce…
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  • The Economy

To ease social and economic impact of COVID-19 crisis, the Philippines and World Bank sign $500M loan agreement

  • June 4, 2020
  • Balikbayan Media Center
To support the government’s ongoing efforts to ease the social and economic impact of the coronavirus disease 2019 (Covid-19) outbreak on poor households and workers of micro, small and medium…
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  • The Economy

Philippines: World Bank Approves US$500 Million to Help Mitigate Impact of COVID-19 Pandemic

  • May 30, 2020
  • Balikbayan Media Center
Washington —The World Bank’s Board of Executive Directors today approved a US$500 million loan to help the Philippines mitigate the impact of COVID-19 pandemic on poor and vulnerable households, and…
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  • The Economy

Philippines: World Bank Approves US$100M to Support COVID-19 Emergency Response

  • April 23, 2020
  • Balikbayan Media Center
The World Bank approved a US$100 million loan for the Philippines COVID-19 Emergency Response Project to help meet urgent healthcare needs in the wake of the pandemic and bolster the…
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  • The Economy

World Bank Group launches first operations for COVID-19 emergency health support, strengthening developing country responses

  • April 3, 2020
  • Balikbayan Media Center
Broader economic program would provide up to $160 billion over next 15 months  The World Bank’s Board of Executive Directors today approved a first set of emergency support operations for…
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  • The Economy
  • United States

World Bank Group increases COVID-19 response to $14 Billion to help sustain economies, protect jobs

  • March 18, 2020
  • Balikbayan Media Center
Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis Washington — The World Bank and IFC’s Boards of Directors approved today an…
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  • The Economy

The Philippines seen to grow faster than other Asian powerhouses

  • June 29, 2019
  • Balikbayan Media Center
Manila — World Bank estimates indicate the Philippine economy will grow at a more rapid pace than Asia’s other regional economic powerhouses, such as China and Malaysia, during the remaining…
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  • Asia
  • The Economy

Market Competition Key to Create More and Better Jobs in the Philippines

  • March 4, 2019
  • Balikbayan Media Center
MANILA, March 4, 2019 – Fostering fair market competition in key sectors including electricity, telecommunications, and transport, can improve services and generate higher-paying jobs in the Philippines, accelerating poverty reduction, according…
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  • The Economy

World Bank Doubles Philippines Natural Disaster Risk Insurance with US$390 Million in Coverage

  • January 14, 2019
  • Balikbayan Media Center
Washington, D.C., January 14, 2019—The World Bank has renewed an insurance program to help the Philippines better respond to losses from climate and disaster risks. The renewal provides 25 provinces in…
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  • Asia
  • The Economy

World Bank Updates Growth Forecasts for the Philippines

  • December 21, 2018
  • Balikbayan Media Center
MANILA, December 21, 2018 – As part of its forecasting exercise, the World Bank has updated its growth projections for the Philippines to 6.4 percent in 2018 and 6.5 percent in…
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  • Global Affairs
  • The Economy

Nearly Half the World Lives on Less than $5.50 a Day

  • October 18, 2018
  • Balikbayan Media Center
Despite decline in extreme poverty, broader measures show billions still struggle to meet basic needs WASHINGTON, Oct. 17, 2018 — Economic advances around the world mean that while fewer people…
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  • Asia
  • The Economy

World Bank Releases US$496 Million to Assist Philippines after Typhoon Ompong

  • October 2, 2018
  • Balikbayan Media Center
MANILA, October 2, 2018—The World Bank has released US$496.25 million to support the Philippine government’s efforts to hasten recovery, rehabilitation, and reconstruction in areas battered by Typhoon Ompong (internationally known…
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