The World Bank on Tuesday trimmed its growth forecasts for the Philippines for this year through 2027, mainly due to slower construction activity, muted consumption and a sharper drag from US tariff ...

The World Bank maintained its “unsatisfactory” rating for the Cebu Bus Rapid Transit (BRT) and questioned its completion ...

The World Bank’s latest economic forecast for the Philippines delivers sobering news: growth languishing below 5.5 percent ...

The Philippines secured an $800-million loan from the World Bank to widen the country's adoption of renewable energy, bolster its electricity market and improve its water utility management. Image by ...

MANILA, December 10, 2024 – Amid heightened geopolitical tensions, the Philippines’ economy is expected to remain robust, growing at an average rate of 6.0 percent over 2024-2026 and sustaining ...

Earlier this month the World Bank said it had lowered its growth forecast for the Philippine economy. Initially, the projection was 5.4% in 2026 and 5.5% in 2027. Its downgraded forecasts are now 5.3% ...

Despite high economic policy uncertainty, the global economy’s performance was resilient, supported by continued growth of merchandise trade and investment in technology-related sectors. Still, global ...

The World Bank (WB) and the International Monetary Fund (IMF) categorize their members according to the level of per capita gross domestic product (GDP).

Your Excellency President Ferdinand Marcos Jr., Magandang hapon sa inyong lahat (Good afternoon to you all)! On behalf of the World Bank Group, I extend our deepest gratitude for the opportunity to ...

The Asian Development Bank has approved a $400 million policy-based loan to support the Philippines' efforts to make it easier for investors to do business in the country.