The Philippines has called for more timely and concrete disaster support from the World Bank, according to the Department of Finance.
The government emphasized the need to strengthen crisis preparedness and sustain disaster risk financing programs for quicker access to emergency funds.
Frederick Go urged the World Bank to streamline its approval processes to allow faster response during disasters and economic shocks.
He also cited global uncertainties, including rising oil prices due to geopolitical tensions, as factors straining government resources and slowing investments.
The World Bank reported that the Philippines is among its top borrowers in fiscal year 2025, with $2.86 billion in loans.
Source: PhilNews24 | April 20, 2026
PHILIPPINES SEEKS FASTER DISASTER AID FROM WORLD BANK
Latest from News
The Senate on Monday approved on final reading a bill creating the Presidential Merit Scholarship Program
The Land Transportation Office (LTO) revoked the driver’s license of the person operating an SUV marked
The Philippine Statistics Authority (PSA) testified that the list of supposed informants paid from Vice President
SM Supermalls has reached its 500th job fair milestone, connecting around 330,000 jobseekers with employment opportunities
The number of leptospirosis cases in Manila has exceeded the epidemiologic threshold, with cases rising from