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Source Abri Rose A. Innosande, Reporter
World Bank is confirmed Extends about $ 2.75 billion loans to the Philippines in the fiscal year 2026.
In an email interview, the World Bank Director of the Philippines, Malaysia, and Brunei Safar Mustafoil, this amount is 3.7% less than 3.7% less than a $ 2.857 billion lending scheme for the country for the 2025 fiscal year, starting in July 2024.
Last December, Mr. Mustafosul said the World Bank is finalizing the new state joint structure for the Philippines, which includes 2025-2028.
The World Bank data shows that the $ 4 million roads are being recognized for the development project on February 28. The project is aimed at improving rural road access in the camp in front of the Six Islamic Liberation Camp Communities.
On March 5, there are $ 454.94 million Mindanao Transport Connection Improvement Project (MTCIP) and 5 495.6 million health system setbacks.
The MTCIP focuses on local road improvements, climate recession and road safety in the Kagayan de Oro, Dao and General Santos corridor.
The Health Organization aims to strengthen the provincial health organizations and improve the prevention, readiness and response to health emergency, including climate -driven adverse events.
3 67.34 million Civil Service Modernization Scheme, which will be recognized on March 10, seeks to improve human resources administration in national state institutions.
On March 31, the debt of $ 800 million has been approved by Energy Change and Climate Breakage Development. This involves accepting clean energy technologies; Increasing the safety and competition of electric markets; And improve water management.
The Billion of the Agriculture Department is also for approval on June 5. It is aimed at promoting climate-reaching agricultural food systems for increased productivity, advanced diversification and EFfThe use of public resources in the Philippines.
In selected areas. The 240.6 million expedited water and health scheme is scheduled for approval on June 27. It aims to increase access to safe water and health services, as well as strengthening EFfIconsci of Water Service Providers run by the local government.
The 600 million dollar program of the Department of Education for Upgrade Support and Devotional Education is “seeking to improve the foundation literacy and number of learners and elementary educators, as well as the effects of low intermediate educators in public schools across the country. “It is for approval on July 16.
The $ 700 million social setback scheme scheduled on July 28 is aimed at “implementing investments in vulnerable areas and vulnerable areas.”
In its annual report for the fiscal year 2024, the World Bank said the Fifth Bank of the Philippines was the fifth largest borrower of $ 2.35 billion from the International Bank for reconstruction and development.
The World Bank’s largest borrower is $ 4.086 billion, Turkey is $ 3.191 billion, Indonesia is $ 3.028 billion and India $ 2.943 billion.
The total amount of debt secured by the Philippines by 2024 is 0.6% higher than 33 2.336 billion in 2023.
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