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IMF/World Bank: 75 years as the world's financial firefighters

Heather Scott and Delphine Touitou, Agence France-Presse
Posted at Jul 21 11:19 AM

After 75 years putting out financial fires around the world, the IMF and World Bank face criticism for repeatedly failing to prevent crises and for making things worse for the people they were meant to help. Read more »

Gov't eyes faster rollout of infra before PH becomes high middle income country

ABS-CBN News
Posted at Jun 18 10:05 PM

Pernia said that if the Philippines achieves this, it would no longer be eligible for Japanese Special Terms on Economic Partnership or STEP funding, which gives the country more favorable terms.  Read more »

Development banks' climate funding at all-time high in 2018

Daphne Psaledakis, Reuters
Posted at Jun 14 09:06 AM

The financing from 6 multilateral development banks to boost projects addressing climate risks and cutting emissions reached $43.1 billion in developing countries and emerging economies last year, up 22 percent from the previous year and accounting for almost 30 percent of the banks' total operations. Read more »

World Bank slashes 2019 growth as global trade slackens

Douglas Gillison, Agence France-Presse
Updated as of Jun 05 07:17 AM

WASHINGTON, United States - The World Bank slashed its global growth forecasts for this year in a report released Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence, and increasingly skittish investment. Read more »

Optimism rising over US, China trade accord

Douglas Gillison and Heather Scott, Agence France-Presse
Updated as of Apr 14 07:55 AM

Trade frictions are seen as a the main source of uncertainty for a slowing global economy, but there are more glimmers of hope for a US-China agreement. Read more »

American David Malpass named World Bank president

Douglas Gillison, Agence France-Presse
Posted at Apr 06 04:33 AM

WASHINGTON - David Malpass, a senior US Treasury official in President Donald Trump's administration, was unanimously chosen Friday as the next president of the World Bank. Read more »

World Bank offers Philippines support to address plastic pollution

Kyodo News
Posted at Apr 05 08:33 AM

The World Bank offered Thursday to support the Philippines' efforts to tackle its massive problem with plastic pollution, including the option of tapping a new trust fund that supports healthy and productive oceans. Read more »

PH shares buck Asian jump, drops after downgrade of PH growth outlook

ABS-CBN News
Posted at Apr 01 10:30 PM

Philippine shares buck the uptrend in Asia after the World Bank cut its 2019 growth forecast for the country, citing the threat of El Niño and the 2019 budget impasse. Read more »

World Bank lowers PH growth forecast on El Nino, budget impasse

Jessica Fenol and Bruce Rodriguez, ABS-CBN News
Posted at Apr 01 10:44 AM

Gross domestic product will likely grow by 6.4 percent this year, instead of 6.5 percent and 6.5 percent in 2020 instead of 6.6 percent, World Bank senior economist Rong Qian said. Read more »

Trump's pick Malpass unchallenged in path to lead World Bank

David Lawder, Reuters
Posted at Mar 15 08:28 AM

David Malpass, the US Treasury's undersecretary for international affairs, will interview with the World Bank's executive directors in the coming days, the bank said in a statement. Read more »

World Bank study shows PH economy hampered by lack of competition

ABS-CBN News
Posted at Mar 05 12:06 AM

A new study by the World Bank showed lack of competition in the Philippine market continues to hamper the country's economic growth. Read more »

PH economy hampered by monopolies, lack of competition: World Bank

ABS-CBN News
Updated as of Mar 04 06:38 PM

Among the sectors that need to see more competition are electricity, telecommunications, and transport.  Read more »

Women granted only three quarters of men's legal rights: World Bank

Agence France-Presse
Posted at Feb 28 06:18 AM

WASHINGTON - Women around the world are granted only three quarters of the legal rights enjoyed by men, often preventing them from getting jobs or opening businesses, the World Bank found in study published Wednesday. Read more »

US Treasury's Malpass aims to reform the World Bank

Virginie Montet, Agence France-Presse
Posted at Feb 07 08:24 AM

After 2 years in the US Treasury, David Malpass is poised to take over the helm of the World Bank, where he can put his own stamp on its policies -- something that many experts say undermines the institution. Read more »

ADB sees no rivalry with China-led AIIB

Cathy Yang, ABS-CBN News
Posted at Feb 04 09:14 PM

The amount needed for infrastructure in Asia is so big that the two multilateral lenders need to become partners to bridge the funding, said ADB President Takehiko Nakao. Read more »

Pernia confident PH will become upper middle income economy in 2019

ABS-CBN News
Posted at Jan 28 11:19 PM

Socioeconomic planning secretary Ernesto Pernia is confident the Philippines will become an upper middle income economy this year, even as the World Bank warned of global headwinds to growth.  Read more »

Philippines cathedral bombing sparks peace process worries

Ayee Macaraig, Agence France-Presse
Posted at Jan 28 03:54 PM

The Islamic State-claimed bombing of a Catholic cathedral that killed 20 in the Philippines' restive south put fresh pressure Monday on peace efforts aimed at ending decades of separatist violence. Read more »

World Bank keeps 6.5 percent growth forecast on Philippines

ABS-CBN News
Posted at Jan 28 10:39 AM

Its estimates “are holding firm” despite uncertainties as the East Asia Pacific region shows “sustained and prolonged” growth, said World Bank senior economist Andrew Mason.  Read more »

Ivanka Trump to help US choose candidate for World Bank

Agence France-Presse
Posted at Jan 15 08:15 AM

London's The Financial Times reported on Friday that both Ivanka Trump and Washington's former United Nations ambassador Nikki Haley were among possible US candidates to replace Kim. Read more »

PH to become 'upper middle income' this year - Finance official

ABS-CBN News
Posted at Jan 13 12:11 PM

An official of the Department of Finance again said on Sunday that the Philippines is set to become an upper middle income country this year amid strong growth. Read more »