Page 6 - Manuela Ferro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Photo courtesy of PBBM's official Facebook page) MANILA - President Ferdinand "Bongbong" Marcos Jr. presented to the World Bank Group his administration's priorities aimed atbringing progress and development to the Philippines, Malacanang said Friday. This, after Marcos shared on his official Facebook page that he had a meeting with top World Bank executives in New York City on Thursday. "The World Bank has stood with the Philippines in the most challenging times, bringing resources, linkages, and partnerships to bear on the country's social, economic, and environme...

Amid growing concerns about marine plastic debris, the ASEAN Secretariat has pledged to continue collaboration with all member states and partners to accelerate operations. At the same time, the World Bank has also approved a $20 million grant to support ASEAN member states’ efforts to reduce marine plastic pollution.

China and Russia have built close financial ties over the past ten years, with Russia becoming the largest recipient of Belt and Road lending. Given the sums at stake, the war in Ukraine is putting China’s overseas lending portfolio at higher risk than ever before. This column argues that this is likely to make Chinese state-owned banks more cautious in extending fresh

Slowing Chinese growth, U.S. monetary tightening, and the impacts of the war in Ukraine have weighed on this year’s growth prospects.

Over the past 40 years, China has lifted nearly 800 million people out of poverty, accounting for more than 75 percent of global poverty reduction in the same period, according to a new report released on Thursday.