Three forthcoming loans to be extended by the World Bank (WB) to the Philippines totaling $810 million will aid in pandemic recovery and building resilience against natural disasters as well as
In separate reports last week, the World Bank said the $600 million promoting competitiveness and enhancing resilience to natural disasters sub-program 3 loan will be approved by its board on Dec. 15; the $110-million financing for the teacher effectiveness and competencies enhancement project on Dec. 16; and the $100-million loan for the strengthening alternative learning system for all project on Feb. 22 next year.
But the World Bank said risks arose from “high degree of uncertainty on the duration and depth of the COVID-19 pandemic” plus next year’s presidential election. Also, the World Bank pointed to “limited improvement in national and international student assessments results” such as DepEd-administered national achievement test as well as the Organization for Economic Cooperation and Development’s Program for International Student Assessment in 2018 and the Trends in International Mathematics and Science Study in 2019.
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