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
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