Tag

// World Bank (WB)
DEC
16
2024

PBBM admin achieves multiple economic milestones in 2024, drives PH again as one of the fastest-growing economies in Asia

PRESS RELEASE The Marcos Jr. administration has made 2024 a banner year for economic achievements and has once again successfully positioned the Philippines as among the fastest-growing economies in Asia despite global challenges such as geopolitical tensions. “2024 is a year of
AUG
29
2024

Recto: PH to set a gold standard for climate finance and action globally with new Loss and Damage Fund Board law 

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippines is set to establish a gold standard for climate finance and action globally with the recent enactment of the Loss and Damage Fund (LDF) Board Act that enables its hosting of the Board. “The LDF
JUL
16
2024

Recto: DOF to stretch every peso collected to prioritize education along with social protection, food security, and infra to produce globally competitive Bagong Pilipino

PRESS RELEASE Finance Secretary Ralph G. Recto underscored that the Department of Finance (DOF) is maximizing every peso collected in its revenue efforts to prioritize funding for education along with social protection, food security, and infrastructure, among others, to produce
APR
21
2024

Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs

PRESS RELEASE Finance Secretary Ralph G. Recto has secured commitments from Asian Development Bank (ADB) President Masatsugu Asakawa to support key priority development programs for the Philippines, focusing on boosting digitalization, improving human capital and infrastructure,
APR
20
2024

Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed

PRESS RELEASE Finance Secretary Ralph G. Recto has received full support from World Bank Group (WBG) President Ajay Banga on his key priority to fully digitalize the country’s tax system, with the Bank set to assemble a dedicated team to conduct workshop and assist the Department
APR
18
2024

Recto successfully presides G24 Ministerial Meeting, stresses urgent and unprecedented global cooperation as fate of future generations hinges on today’s actions

PRESS RELEASE Finance Secretary Ralph G. Recto successfully presided over the Intergovernmental Group of Twenty-Four (G-24) on April 16, 2024 as Chair of the Board of Governors where he called upon the international financial institutions to act decisively and ramp up support,
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