WB to lend PH $4.4B in 2020-2022

The World Bank will lend the Philippines up to $4.42 billion in the next three years under the multilateral lender’s new four-year country partnership framework.

Documents showed that the 2020-2022 World Bank Group-Philippines Country Partnership Framework had 10 objectives across three focus areas.
In the first focus area “Investing in Filipinos,” the objectives are improved access to quality education services; increased access to affordable health services, and improved efficiency of social protection coverage for the poor and vulnerable.

For the second focus area “Competitiveness and Economic Opportunity for Job Creation,” the objectives are: improved budget execution and revenue management; promotion of regulatory reforms to enhance competitiveness; improved efficiency of infrastructure services in selected areas, and improved income opportunities in agriculture. ??

The third focus is on “Addressing Core Vulnerabilities by Building Peace and Resilience.”