World Bank - CNN Philippines

about 6 days ago

David Malpass made these comments while speaking to a local Republican gathering in Albertson, New York, in May 2011.

about 1 month ago

The World Bank has been warning of a worldwide economic slowdown for a while now, but its projections just took a turn for the worse.

about 1 month ago

World Bank President Jim Yong Kim abruptly resigned nearly three years ahead of schedule on Monday, setting up an opening for U.S. President Donald Trump to fill — and a potential clash with other countries over the long-standing practice of the U.S. making the appointment.

about 1 month ago

The international lender expects the Philippines' economy to grow by 6.4 percent for 2018 and 6.5 percent in 2019, lower than their forecast last October.

about 3 months ago

The Philippines ranks 124th out of 190 countries when it comes to ease of doing business, according to the latest report by the World Bank.

about 4 months ago

The World Bank flagged as growth risks high inflation, low agriculture output, weak exports and growing trade tensions between the U.S. and China.

about 4 months ago

The loan is meant for the rehabilitation of regions that were devastated by Typhoon Ompong.

about 5 months ago

It doesn't help that the agricultural labor force has been on a drastic decline, losing over 1.5 million workers in the past five years alone. This means lower production as more farmers, fishermen, and workers look for other jobs.

about 6 months ago

This falls short of the government target of 7 to 8 percent GDP for the year.

about 8 months ago

The richest 1 percent of Filipinos own more than 50 percent of the country's wealth, a rate of inequality only topped by Hong Kong, Turkey and Russia, according to the World Bank.