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World Bank

World Bank apologizes to PH over education report

World Bank apologizes to PH over education report

by Margret Fermin

The World Bank apologized to the Philippines concerning the education report it “inadvertently published” on its website. “We deeply regret that the report on education was inadvertently published earlier than …

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World Bank approves $500-M funding for PH's vaccination, pandemic response efforts

World Bank approves $500-M funding for PH’s vaccination, pandemic response efforts

by Margret Fermin

The World Bank granted US$500-million worth of funds for the Philippines’ vaccination program and COVID-19 pandemic response. “The newly approved financing will support the Philippines to vaccinate the population based …

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Gov't eyes $9-B loan for COVID-19 vaccine purchase

Gov’t eyes $9-B loan for COVID-19 vaccine purchase

by Margret Fermin

The government considers borrowing up to $9 billion (P433.3 billion) from the World Bank to fund the country’s purchase of a potential COVID-19 vaccine. Carlito Galvez Jr., COVID-19 national task …

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World Bank Filipinos pay more for expensive, slow internet

World Bank: Filipinos pay more for expensive, slow internet

by Margret Fermin

World Bank and the National Economic and Development Authority’s (NEDA) joint study revealed that Filipinos are paying one of the most costly but slowest internet connections in the world. The …

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3 million more Filipinos to be jobless, experience poverty - World Bank

3 million more Filipinos to be jobless, experience poverty – World Bank

by Margret Fermin

The World Bank sees three million more Filipinos would either be unemployed or experience poverty this year as the Philippines’ COVID-19 crisis continues. The bank, in a recent report entitled …

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Marcos admin targets to cut poverty rate to 9%

Poverty in Philippines seen to increase- World Bank

by Margret Fermin

The World Bank said Tuesday that the poverty incidence rate in the Philippines is seen to increase for 2020 due to the economic impact brought by the coronavirus disease 2019 …

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