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DSWD Secretary Meets World Bank, World Vision To Improve Social Welfare Programs

Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian met the members of The World Bank and World Vision, during separate meetings on ....

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Strength in community: Tackling COVID-19 recovery in the Philippines through community-driven development

Strength in community: Tackling COVID-19 recovery in the Philippines through community-driven development
October 2020, COVID-19 response facility in Barobo, Surigao del Sur
When COVID-19 hit the Philippines and the country began community quarantine in March 2020, the National Community Driven Development Project (NCDDP) was in its final phase of implementation. The project quickly triggered its Disaster Response Operations Modality (DROM) to support communities with COVID-19 response and early recovery. The DROM allowed the communities to reallocate $24 million for these purposes, supporting around 631,000 households across 2,158 barangays (communities) in 136 of the country’s poorest municipalities between May 2020 and the closing of the project in December 2020. ....

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World Bank Group (via Public) / Strength in community: Tackling COVID-19 recovery in the Philippines through community-driven development

World Bank Group (via Public) / Strength in community: Tackling COVID-19 recovery in the Philippines through community-driven development
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World Bank approves $900M in loans to aid PH economic recovery, address poverty

World Bank approves $900M in loans to aid PH economic recovery, address poverty
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Metro Manila (CNN Philippines, December 17) The World Bank is extending more loans to the Philippines to help it become more resilient to natural disasters and address poverty in affected communities.
Announcing details on Thursday, the Washington-based lender said the first loan, worth $600 million (about ₱28.8 billion) shall support reforms aiming to speed up the adoption of digital technologies, encourage greater competition, and trim the costs of doing business in the country.
This is envisioned to aid the recovery of micro, small and medium enterprises gravely hit by the pandemic, help Filipinos deal with health protocols like social distancing and improve the delivery of social assistance to the most disadvantaged groups. ....

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World Bank OKs $900-M loans for Philippine COVID recovery projects

By TED CORDERO, GMA News
Published December 17, 2020 11:30am
Washington-based multilateral lender Word Bank on Thursday announced that it has approved a total of $900-million loan financing to the Philippines for two projects in support of the government’s efforts to recover from the COVID-19 pandemic.
In a statement, the WB said the first is a $600-million project “Promoting Competitiveness and Enhancing Resilience to Natural Disasters Development Policy Loan.”
Particularly, the loan will support transformational reforms to hasten the adoption of digital technologies, promote greater competition, and reduce the costs of doing business to revive more economic activities and jobs in the country, according to lender. ....

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