World Bank

The Economy

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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World Bank Updates Growth Forecasts for the Philippines

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

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

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

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

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

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

Philippines exploring innovative financing to protect fiscal health vs adversities

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

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

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

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

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

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

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

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

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

The Philippines seen to grow faster than other Asian powerhouses

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

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

World Bank Updates Growth Forecasts for the Philippines

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

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

Stop Hiding It: Why the Filipino Accent Is Finally Having Its Moment

WSI Powers the Future of Mobility to Central Visayas Through Cebu Auto Show 2026

MAFBEX Cebu: Shaping the future of food, hospitality and culinary innovation

PHILBEX Cebu 2026: Shaping the Future of Construction and Design in Central Visayas

Pag-IBIG, City Government of Naga help employees become homeowners

From Quezon City to the Nation: SM Hotels Champions Hospitality as a Pathway to Second Chances

Slow Travel, Deeper Journeys: Rediscovering the Philippines by Sea

Pag-IBIG Fund, Avida and Amaia join hands to expand homeownership for Filipino workers