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World Bank says to help PH attain sustainable growth

ABS-CBN News
Posted at May 24 08:29 PM

The World Bank said the Philippines has been "growing rapidly" since last year, citing the drop in COVID-19 infections and the reopening of the economy. Read more »

Ex-Mastercard CEO Banga selected as next World Bank chief

Kyodo News
Updated as of May 04 10:10 AM

Former Mastercard Inc. CEO Ajay Banga was formally selected Wednesday as the next chief of the World Bank, the multilateral lender said. Read more »

Global food prices to remain near record highs: World Bank

ABS-CBN News
Posted at Apr 27 10:19 PM

Food costs around the world will “be at the second-highest level since 1975,” the World Bank said in its Commodity Markets Outlook report released on Thursday. Read more »

Philippines jumps to 43rd spot in World Bank's Logistics Performance Index

ABS-CBN News
Posted at Apr 24 09:36 AM

The Philippines jumped to the 43rd spot in the latest World Bank 2023 Logistics Performance Index released over the weekend. Read more »

World Bank members endorse moves to boost lending by $50bn over decade

Baiyi Seo, Agence France-Presse
Posted at Apr 13 08:46 AM

World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing president said. Read more »

World Bank, IMF spring meetings to get underway in complex economic environment

Agence France-Presse
Posted at Apr 10 07:25 PM

The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda. Read more »

1 sa 3 na batang edad 5 anyos pababa sa Pilipinas, bansot ayon sa World Bank

ABS-CBN News
Posted at Mar 29 08:21 PM

Naglunsad ang pamahalaan ng bagong proyekto para matugunan ang malnutrisyon at pagkabansot ng mga batang Pilipino. Read more »

Women still constrained by gender roles in PH: World Bank study

Warren de Guzman, ABS-CBN News
Posted at Mar 23 01:04 PM

A World Bank study said that while Filipinas have been getting positions in upper management, more women are still trapped in low skill, low wage work. Read more »

Quality jobs still scarce for youth: World Bank report

ABS-CBN News
Posted at Mar 22 02:48 PM

A World Bank report said young Filipinos were hit harder by the pandemic in terms of employment prospects, with many forced to take low-quality jobs part-time jobs. Read more »

US World Bank pick a straight-talker who 'gets things done'

Beiyi Seow, Agence France-Presse
Posted at Feb 24 08:25 AM

The United States' candidate to lead the World Bank, Ajay Banga, has helmed large institutions and "helped bring 500 million unbanked people into the digital economy," according to US authorities. Read more »

Biden nominates ex-Mastercard CEO to lead World Bank

Beiyi Seow, Agence France-Presse
Posted at Feb 24 03:19 AM

The president of the World Bank is typically American, while the leader of the International Monetary Fund is customarily European. Read more »

David Malpass: World Bank chief pressed by climate questions

Agence France-Presse
Posted at Feb 16 08:40 AM

In his 4 years as World Bank President, David Malpass oversaw its response to crises ranging from the Covid-19 pandemic to Russia's invasion of Ukraine, and food and energy shortages. Read more »

World Bank chief David Malpass to step down

Agence France-Presse
Posted at Feb 16 08:26 AM

World Bank chief David Malpass announced he would step down by the end of June from his position heading the development lender. Read more »

World Bank to provide Turkey $1.78B for recovery after quake

Agence France-Presse
Posted at Feb 10 06:39 AM

Immediate assistance of $780 million will be offered via Contingent Emergency Response Components from two existing projects in Turkey, said the bank. Read more »

World Bank lending $600-M to PH for financial resiliency

ABS-CBN News
Posted at Jan 31 09:16 PM

The World Bank on Tuesday said it is lending the Philippines $600 million to support the country’s financial sector and boost its pandemic recovery. Read more »

World Bank slashes 2023 forecasts, warns of global recession

ABS-CBN News
Posted at Jan 11 11:54 PM

The World Bank has a gloomy outlook for the global economy. Read more »

World Bank slashes China growth forecasts

Agence France-Presse
Posted at Dec 20 01:33 PM

The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy. Read more »

World Bank launches $2 billion Ukraine private sector aid package

Agence France-Presse
Posted at Dec 16 08:27 AM

he World Bank announced a $2 billion package to support Ukraine's private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia's invasion. Read more »

World Bank urges PH to hike investments in agri

Warren de Guzman, ABS-CBN News
Updated as of Mar 19 02:31 PM

The World Bank has called on the Philippines to increase spending on agriculture, saying food security will be critical for poverty reduction efforts in the country. Read more »

Poor countries at risk of crisis amid rising debt: World Bank

ABS-CBN News
Posted at Dec 07 06:41 PM

Many of the world’s poorest countries are at risk of plunging into a debt crisis as interest rates rise and global growth slows down, the World Bank said on Wednesday. Read more »