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CEBU CITY, Philippines — Department of Transportation (DOTr) Secretary Jaime Bautista said that the World Bank and the French government, through the Agence Francaise de Developpement (AFD), two of the world’s largest financial institutions behind the Cebu…
The World Bank noted that the Philippines was experiencing an education crisis even before the pandemic hit our shores. According to its research, just 10 percent of our Grade 5 students are capable of meeting global academic…
CEBU CITY, Philippines — The Department of Transportation (DOTr) has already chosen the winning bidder to undertake Package 1 of the Cebu Bus Rapid Transit (BRT) project. This was announced by the Cebu City Public Information Office…
To mark the International Day for the Eradication of Poverty (Oct. 17), the World Bank (WB) issued a Poverty and Equity Brief for the Philippines this week (https://bit.ly/PhJobsineq). It cited the government’s latest poverty number, which refers…
WASHINGTON — Russia’s invasion caused over $97 billion in direct damages to Ukraine through June 1, but it could cost nearly $350 billion to rebuild the country, a report released Friday by the World Bank, Ukrainian government…
The funny part is many do not understand that poverty is not only material or economic but can cover learning as well. So, the term “learning poverty” has long been coined by a group of concerned international…
CEBU CITY, Philippines – The fate of the long overdue Cebu Bus Rapid Transit (BRT) remains in limbo nearly a decade after it was granted multi-million dollar loans to fund its construction. The World Bank, in a…
Three forthcoming loans to be extended by the World Bank (WB) to the Philippines totaling $810 million will aid in pandemic recovery and building resilience against natural disasters as well as improving the education sector, the Washington-based…
CEBU CITY, Philippines — Cebu City expects a larger internal revenue allotment (IRA) from the national government in 2022 as the Mandanas Ruling by the Supreme Court takes effect. The Mandanas Ruling increases the share of national…
MANILA, Philippines — A World Bank report stating that most Filipino students “do not know what they should know” in school is “disturbing” and “alarming,” Malacañang said Thursday. In a press briefing, presidential spokesperson Harry Roque assured…
One realizes that our economic managers—nay, the whole administration—must always cast things in their most positive light. That’s part of the job. With the COVID-19 pandemic, this has become much more of a challenge. And the coming…
Reader, look at any recent analysis of the economic performance of countries in the time of COVID-19, the World Bank’s, for example—and you will find, unambiguously, that the “economic performance across countries continues to depend on (i)…
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