world-bank | ABS-CBN News

Marcos, World Bank officials discuss agri, economy

Raffy Cabristante, ABS-CBN News
Posted at Sep 23 12:15 PM

President Ferdinand Marcos Jr. met with ranking officials of the World Bank at the sidelines of the 77th United Nations General Assembly (UNGA). Read more »

World Bank warns recession risk rising amid higher interest rates

Agence France-Presse
Updated as of Sep 16 08:20 AM

Inflation worldwide has been rising at the fastest pace in decades, due to supply constraints amid high demand as countries emerged from the pandemic. Read more »

New app launched to boost disaster response efforts

Jasmin Romero, ABS-CBN News
Posted at Sep 14 10:40 PM

The government launched Wednesday a new app that could boost disaster preparedness and response of both the national and the local governments. Read more »

Petrolyo may rollback susunod na linggo

ABS-CBN News
Posted at Sep 02 05:37 PM

Inaasahang bababa ang presyo ng petrolyo sa world market, ayon sa mga taga-industriya. Read more »

IFC says to support tower firm in PH with $70-m financing

ABS-CBN News
Posted at Aug 04 10:34 AM

The International Finance Corp said it arranged a financing package for the tower company Communication and Renewable Energy Infrastructure. Read more »

Philippines can become upper-middle-income country by 2024: Balisacan

Jessica Fenol, ABS-CBN News
Updated as of Jul 26 04:25 PM

The Philippines can achieve its goal of becoming an upper-middle-income country by 2024 if current economic growth is sustained, NEDA's Arsenio Balisacan said. Read more »

World Bank creates fund to better prevent, respond to pandemics

Agence France-Presse
Posted at Jul 01 08:23 AM

The World Bank's board approved the creation of a fund meant to finance investments in strengthening the fight against pandemics. Read more »

World Bank cuts China growth forecast over Covid

Beiyi Seow, Agence France-Presse
Posted at Jun 08 02:38 PM

The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that Covid disruptions could further slow recovery. Read more »

PH to grow 5.7 pct in 2022 but risks linger: World Bank

Jessica Fenol, ABS-CBN News
Posted at Jun 08 12:30 PM

Despite the forecast growth being slower than the government's 7 to 8 percent target, the Philippines will still be one of the top performers in the region, the World Bank said. Read more »

World Bank approves additional $1.5-B aid for Ukraine

Agence France-Presse
Posted at Jun 08 08:43 AM

The World Bank announced an additional $1.5 billion in aid for Ukraine, bringing the total planned support package to more than $4 billion. Read more »

Oxfam tells Davos: Time to tax growing billionaire club

Agence France-Presse
Posted at May 23 10:06 AM

The Covid pandemic has created a new billionaire every 30 hours and now one million people could fall into extreme poverty at the same pace, Oxfam said Monday as the Davos summit returns. Read more »

World Bank to provide $12B more to address food crisis

Agence France-Presse
Updated as of May 19 11:23 AM

Russia's invasion of Ukraine and international economic sanctions on Moscow have disrupted supplies of fertilizer and wheat. Read more »

World Bank sees 'alternative' path out of economic disaster for Afghanistan

Agence France-Presse
Posted at Apr 14 07:30 AM

Afghanistan can avoid an economic collapse, but only if it receives international assistance and if the Taliban government respects human rights and "sound" management of its finances, the World Bank said Wednesday. Read more »

Intl Finance Corp investing $18.5-M in Voyager Innovations

ABS-CBN News
Posted at Apr 13 02:45 PM

PLDT-backed fintech Voyager Innovations is getting an $18.5 million investment from the International Finance Corp and 2 of its units, IFC said on Wednesday. Read more »

Ukraine war fuels 'overlapping crises': World Bank

Agence France-Presse
Posted at Apr 12 09:07 PM

The Russian war on Ukraine has set off a chain reaction in the global economy with rising energy and food prices that will worsen poverty and hunger. Read more »

World Bank warns of bleak economic outlook for Ukraine

Delphine Touitou, Agence France-Presse
Posted at Apr 11 07:54 AM

The World Bank issued dire forecasts for Ukraine as Russia's invasion impacts both the country and its neighbors. Read more »

Green advocates demand reparations from World Bank's IFC, RCBC

ABS-CBN News
Posted at Apr 08 10:48 AM

Environmental advocates have held a coordinated protest to demand climate reparations and immediate action from IFC and RCBC. Read more »

World Bank warned vs relying too much on firms to fight climate change

Warren de Guzman, ABS-CBN News
Posted at Apr 07 11:39 PM

During a webinar by World Bank with advocates across the globe, some of the panelists said point blank that there is a long history of public-private partnerships doing more harm than good in battling global warming. Read more »

Asia Pacific recovery seen at risk from several factors

ABS-CBN News
Posted at Apr 05 01:54 PM

Aside from the pandemic, recovery is also threatened by the Ukraine crisis, US monetary policy tightening, and the slowing growth in China, the World Bank said. Read more »

Global report bares Filipino kids' poor learning skills

Jaehwa Bernardo, ABS-CBN News
Updated as of Apr 04 08:28 PM

Less than 15 percent of Filipino children can read a simple text at age 10, according to a recent UNICEF report. Read more »