Philippine aspirations to hit upper-middle-income country status were derailed by the COVID-19 pandemic, but economic planners remain optimistic that this target can be achieved by 2025. If a new era ...

Recent reports indicate good reasons to be optimistic about the future of the Philippine economy. The Philippine Development Plan 2023-2028 assumes an annual growth rate of 6.5 to 8 percent for ...

Despite facing economic challenges in 2023, largely due to geopolitical tensions and the lingering effects of the COVID-19 pandemic, the Philippines demonstrated resilience, with notable recovery in ...

Officials from the U.S. and the Philippines this week held the first meeting of a labor working group designed to establish a more robust, mutually beneficial trade relationship between the two ...

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 ...

TABUK CITY, Kalinga (PIA) – Kalinga stakeholders are integrating culture and arts into local development plans in recognition of the vital role of the sector as a driver of economic growth and ...

The CPF outlines how the WBG will support the Philippines in meeting its development goals—focusing on areas where it can deliver the greatest impact. Aligned with the Philippine Development Plan 2023 ...