World Bank Philippines

World Bank Philippines Mobilizing funding and global knowledge to support poverty reduction and promote shared prosperity.

🇵🇭 The World Bank Group approved new financing to help the Philippines scale up clean energy, lower electricity costs an...
05/08/2026

🇵🇭 The World Bank Group approved new financing to help the Philippines scale up clean energy, lower electricity costs and strengthen water security for millions of Filipinos — lowering costs for households, supporting business growth, and creating jobs.

The operation aims to support the Philippines boost the share of installed renewable energy’ from 30% to 42% by 2027 and reduce its exposure to imported fossil fuel price shocks. It will also scale💧 local water providers with sustainable business plans from 10 to 100 by 2027.

PRESS RELEASE: https://bit.ly/4hOxYG7

03/08/2026

The World Bank launched the Philippines Economic Update (PEU), the first edition of the report since the country graduated to upper-middle-income-country (UMIC) status.
The PEU examines the recent global and local developments, assesses the economic outlook and risks, and offers policy reform recommendations needed to sustain and deepen the country’s development gains.
The launch event will feature presentations of the PEU Midyear 2026 Edition and middle-income country experiences followed by a high-level dialogue about the broader implications of the country’s UMIC status with Secretary Arsenio M. Balisacan of the Department of Economy, Planning, and Development.
For more information about the event, visit: https://www.worldbank.org/.../philippines-economic-update...

03/08/2026

The World Bank is launching the Philippines Economic Update (PEU), the first edition of the report since the country reached upper-middle-income-country (UMIC) status. The PEU examines the recent global and local developments, assesses the economic outlook and risks, and offers policy reform recommendations needed to sustain and deepen the country’s development gains. The launch event will feature presentations of the PEU Midyear 2026 Edition and middle-income country experiences followed by a high-level dialogue about the broader implications of the country’s UMIC status with Secretary Arsenio M. Balisacan of the Department of Economy, Planning, and Development. Tune in for the Philippines Update Development Dialogues themed, "Moving Up, Aiming Higher: Seizing the Upper-Middle-Income Opportunity."

Department of Finance Secretary Frederick Go will deliver the keynote address, Department of Economy, Planning, and Development Secretary Arsenio Balisacan will be our distinguished speaker for the fireside chat, and Department of Budget and Management Secretary Kim Robert De Leon will deliver the closing remarks.

Safe, reliable water 💧changes everything — and we're helping make it happen in Bohol, Siargao, and Jolo.Our new investme...
01/08/2026

Safe, reliable water 💧changes everything — and we're helping make it happen in Bohol, Siargao, and Jolo.

Our new investment in the Philippines will bring climate-resilient water and sanitation services to some of the country's most vulnerable island communities — reaching households, public school students, tourists, and people in healthcare and daycare facilities. The infrastructure is designed to hold up against floods and droughts, so communities aren't left without safe water when they need it most.

The benefits go beyond the tap🚰 The project is expected to create 8,700 jobs within five years of completion. That’s up to 46,500 over 25 years. By strengthening local institutions and bringing in private sector participation, it also lays the groundwork for services that last.
Because when communities have access to safe water, everything else becomes possible — healthier families, stronger economies, and a more resilient future. 🌏


PRESS RELEASE: https://bit.ly/3RMSsoi

Tune in on Monday, August 3, 10:00 AM for the Philippines Update Development Dialogues themed, "Moving Up, Aiming Higher...
31/07/2026

Tune in on Monday, August 3, 10:00 AM for the Philippines Update Development Dialogues themed, "Moving Up, Aiming Higher: Seizing the Upper-Middle-Income Opportunity."

Department of Finance Secretary Frederick Go will deliver the keynote address, Department of Economy, Planning, and Development Secretary Arsenio Balisacan will be our distinguished speaker for the fireside chat, and Department of Budget and Management Secretary Kim Robert De Leon will deliver the closing remarks.

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