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Effective implementation of Mandanas Ruling to help PH recovery: World Bank

Bruce Rodriguez, ABS-CBN News
Updated as of Jun 10 09:01 PM

The World Bank said the Ruling has the potential to improve government services across the country while ensuring a more stable and inclusive recovery from the health crisis. Read more »

PH shares rise despite unemployment rise, lower growth forecast

ABS-CBN News
Posted at Jun 08 10:04 PM

Philippine shares continued their winning streak despite higher unemployment and a dimmer outlook on economic growth by the World Bank. Read more »

World Bank downgrades Philippine economic forecast to 4.7 percent for 2021

ABS-CBN News
Updated as of Jun 08 02:15 PM

The World Bank on Tuesday downgraded its Philippine economic forecast citing the resurgence in COVID-19 cases and reimposition of restrictions that could affect recovery this year.  Read more »

IMF, World Bank prioritize vaccine access to end pandemic

Delphine Touitou, Agence France-Presse
Posted at Jun 02 12:11 PM

Managing Director of the International Monetary Fund Kristalina Georgieva is spearheading a $50 billion joint effort with the World Health Organization to expand vaccine access, particularly for impoverished nations that have struggled to get the crucial jabs.   Read more »

Heads of global organizations issue joint call for vaccine equality

Agence France-Presse
Posted at Jun 02 05:10 AM

The aim is to vaccinate at least 40 percent of the global population by the end of the year, and at least 60 percent by the end of next year, so as to enable a lasting economic recovery. Read more »

World Bank begins managing Bangsamoro trust fund

Bruce Rodriguez, ABS-CBN News
Updated as of May 19 11:57 PM

MANILA - The World Bank has officially started managing the trust fund for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), which will be the vehicle to receive aid from foreign institutions as well as the state to fund various development projects. Read more »

IFC launches pilot run of Building Resiliency Index in Philippines

Bruce Rodriguez, ABS-CBN News
Posted at May 11 08:00 PM

The World Bank's private investment arm, the International Finance Corporation, launched the pilot run for the Building Resiliency Index (BRI) in the Philippines as it aims to boost the disaster-preparedness of the country's real estate sector. Read more »

World Bank, Gavi urge countries with excess COVID-19 vaccines to release them

Reuters
Posted at Apr 13 01:19 PM

World Bank President David Malpass and José Manuel Barroso, chair of the Gavi vaccine alliance, on Monday discussed the importance of countries with excess COVID-19 vaccine supplies releasing them as soon as possible, the World Bank said. Read more »

IMF, World Bank begin push to swap debt relief for green projects

Delphine Touitou, Agence France-Presse
Posted at Apr 12 08:29 AM

Low-income countries face a double crisis -- they are under pressure to pay down their debt while also confronting environmental problems. Read more »

Myanmar crisis sounds death knell for garment industry, jobs and hope

Chen Lin and John Geddie, Reuters
Posted at Apr 08 09:02 PM

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Read more »

Cut the debt of poor countries, Pope Francis tells IMF, World Bank

Reuters
Posted at Apr 08 08:46 PM

VATICAN CITY - Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater say in global decision making. Read more »

G20 to discuss uneven recovery from COVID crisis, officials say

Reuters
Posted at Apr 06 03:27 PM

The world's financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ahead of the virtual meeting.   Read more »

Philippines can unlock up to $1.1 billion from recycling plastic yearly: World Bank

Jessica Fenol, ABS-CBN News
Posted at Apr 01 11:23 AM

The Philippine government should work with the private sector and other stakeholders to unlock the potential of up to $1.1 billion (P53.4 billion) per year in material value from recycling plastic, a World Bank report released this month showed.    Read more »

PH unlikely to hit growth target amid spike in COVID-19 cases: Fitch Solutions

ABS-CBN News
Posted at Mar 30 02:50 PM

The Philippines is unlikely to hit its growth target this year because of the recent surge in COVID-19 cases and the strict quarantine restrictions imposed to curb this, Fitch Solutions said on Monday.  Read more »

Myanmar sees more protests as World Bank warns of economic slump

Reuters
Posted at Mar 26 02:25 PM

Myanmar anti-coup protesters staged more rallies on Friday after the military reportedly shot dead nine people a day earlier and as the World Bank warned the country's economy could slump 10% this year due to the turmoil. Read more »

World Bank rolls out vaccine funds for impoverished Asian nations

Agence France-Presse
Posted at Mar 19 12:25 PM

The World Bank on Thursday announced financing for Afghanistan, Bangladesh and Nepal to vaccinate their populations against Covid-19. Read more »

World Bank rolls out vaccine funds for impoverished Asian nations

Agence France-Presse
Posted at Mar 19 06:13 AM

WASHINGTON - The World Bank on Thursday announced financing for Afghanistan, Bangladesh and Nepal to vaccinate their populations against Covid-19. Read more »

World Bank approves US$500-M loan for Philippines' COVID-19 pandemic response

ABS-CBN News
Posted at Mar 12 08:46 AM

The World Bank’s Board of Executive Directors has approved US$500 million in funding to support the Philippine government’s program to purchase and distribute COVID-19 vaccines, strengthen the country’s health systems, and overcome the impact of the pandemic especially on the poor and the most vulnerable. Read more »

World Bank readies COVID-19 vaccine funds for around 30 African countries

Alexander Winning, Reuters
Posted at Mar 03 05:53 PM

The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the global lender told Reuters, as the continent scrambles to secure doses and start immunizing vulnerable groups. Read more »

ALAMIN: Mga industriyang maraming vacancies kahit pandemya

ABS-CBN News
Posted at Feb 26 09:31 PM

Base sa mga tala, mula Marso hanggang Oktubre 2020 ay dumami pa ang vacancies sa ilang industriya.  Read more »