By means of Aubrey Rose A. Inosante, Reporter
The World Bank is dedicated Until extending around $ 2.75 billion in loans to the Philippines for the tax year 2026.
In an e-mail interview, the World Bank figure for the Philippines, Malaysia and Brunei Zafer Mustafaoğlu said that the amount is 3.7% lower than the $ 2,857 billion loan program for the country for the tax year 2025, which started in July 2024 and ends in June .
Mr Mustafaoğlu said last December that the World Bank will complete the new framework of the Country Partnership for the Philippines, which will cover 2025-2028.
Data from the World Bank showed that the $ 4 million roads to development project was approved on 28 February. The project is intended to improve access to national traffic in six formally recognized Moro Islamic Liberation Front Camp Communities.
Also for approval on 5 March, it is $ 454.94 million Mindanao Transport Connectivity Improvement Project (MTCIP) and the $ 495.6 million resilience of the health system.
The MTCIP focuses on local road improvements, climate reputation and road safety in the Cagayan de Oro, Davao and General Santos Corridor.
The Health System project is intended to strengthen the provincial health systems, and to improve the prevention, preparedness and response to emergency situations, including climate -controlled side effects.
The $ 67.34 million civil servants modernization project, which will be approved on 10 March, aims to improve Human Resource’s management in national government agencies.
The policy loan of $ 800 million first energy transition and climate feud policy loan is also for approval on 31 March. It includes increasing the approval of clean energy technologies; stimulating security and competition of electricity markets; And improving water management.
The sustainable agricultural transformation program of the Ministry of Agriculture $ 1 billion is also for approval on 5 June.FICIDATE OF Public resources in the Philippines.
The accelerated water and sanitation project of $ 240.6 million in selected areas is planned for approval on 27 June. It is intended to stimulate access to safe water and sanitation services and to strengthen the EFFIJcience of Local Government-Run Water Service Providers.
The $ 600 million project of the Ministry of Education for Support for Learning Upgrade and Decentralization wants to “improve the fundamental literacy and mathematics of kindergarten and pupils of primary education, as well as the learning outcomes in reading and mathematics of students with a lower medium education in national schools in the public schools. “It is for approval on July 16.
The $ 700 million Community Resilience Project, planned for July 28, aims to make “participatory community -controlled resilience planning and investments in vulnerable areas possible.”
In her annual report for the tax year 2024, the World Bank said that the Philippines were the fifth largest borrower with $ 2.35 billion in approved loans from the International Bank for Reconstruction and Development.
Ukraine was the largest borrower of the World Bank with $ 4,086 billion in loans, followed by Turkey by $ 3,191 billion, Indonesia with $ 3,028 billion and India by $ 2,943 billion.
The total amount of loans established by the Philippines in 2024 was 0.6% higher than $ 2,336 billion loans in 2023.