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9 Dec 22
Senior Filipino ministers have announced plans to set up a sovereign wealth fund aimed at supporting the economy and providing funding for large infrastructure projects.
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23 Aug 22
The Filipino government has proposed a record budget for 2023 that it said will help boost the economy and lift people out of poverty.
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11 May 22
Governments unable to maintain the economic support they put in place amid Covid-19 to help their citizens deal with rising fuel and food prices face “inevitable” civil unrest, a report has suggested.
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10 Jun 21
Local governments in the Philippines will receive a share of all national taxes from 2022, when they will take on more responsibilities, the country’s president has confirmed.
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11 Feb 21
The Philippines hopes to secure $23.7bn in financing from external sources in 2021, to bridge its budget deficit and provide funds for “priority projects”, the Department of Finance has said.
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8 Dec 20
Devastating typhoons that hit the Philippines as it fought Covid-19 show the importance of preparing for natural disaster risks and climate change adaptation during the recovery, the World Bank has...
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29 Sep 20
Social assistance to poor and vulnerable families will help the economy weather the Covid-19 storm, the Philippines has been told.
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4 Jun 19
At least 12 million high-school students in the Philippines could benefit from a $300m boost to secondary education.
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26 Nov 18
The Philippine government is overhauling its procurement system as part of wide-ranging plans to digitise financial management systems and improve transparency.
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20 Aug 18
The Asian Development Bank has approved a $300m loan to support the Philippines’ efforts in improving infrastructure through public-private partnerships.
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17 Jul 18
The Philippines’ economy continues to strengthen despite global uncertainty, according to the World Bank.
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11 Apr 18
The World Bank has called for action to bring down poverty rates in the Philippines’ Mindanao province, which accounts for one-third of the country’s poor but only a quarter of its population.
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27 Nov 17
The Asian Development Bank has approved a $300m loan and a $500,000 technical assistance grant to support the Philippines’ financial sector reforms.
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30 Oct 17
The Asian Development Bank has announced a $100m loan in support of the Philippine government’s infrastructure project.
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18 Aug 17
The Philippine government has launched a new catastrophe risk insurance programme to help it respond to losses from natural disasters.
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22 Feb 16
The World Bank has approved a $450m package to support the Philippines government’s health and education conditional cash transfer programme.
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25 Sep 15
“Massive and transformational” universal health coverage programmes are reducing the number of people impoverished by paying for the health care, a World Bank report has found.