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World Bank president has good words for Aquino

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Philippine President Benigno Aquino (R) speaks with World Bank President Jim Yong Kim (L) during their meeting at the Malacanang Presidential Palace in suburban Manila on July 15, 2014. Kim is in the country to attend a forum called "The Daylight Dialogue: The Good Governance Challenge". AFP

World Bank President Jim Yong Kim praised the achievements of the Aquino administration and even spoke in Filipino to say how so many things have changed including the large number of Korean tourists in the country.

Posted: July 15th, 2014 in Featured Gallery,Latest Global Nation Stories,Photos & Videos | Read More »

PH picked for WB ‘green accounting’ project

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Environment Secretary Ramon Paje

The Philippines has been chosen along with four other countries for the pilot implementation of a World Bank-led partnership to develop “green accounting,” or the inclusion of the value of natural resources in measuring a nation’s economic progress.

Posted: April 20th, 2013 in Latest Global Nation Stories | Read More »

World Bank estimates losses due to corrupt acts at $1.3 trillion

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World Bank

An anticorruption crusader on Thursday cited a World Bank financial study that quantified the “devastating effect” of illicit financial flows through corruption at $1.3 trillion a year.

Posted: February 1st, 2013 in Latest Global Nation Stories | Read More »

WB extends $57-M aid to DENR by another year

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World Bank

The World Bank has extended for another year its funding of a 5-year program worth $57 million that supports projects of the Department of Environment and Natural Resources (DENR) from wildlife management to the improvement of air quality and the rehabilitation of Manila Bay.

Posted: December 21st, 2012 in Latest Global Nation Stories | Read More »

Arab world to bear brunt of climate change—World Bank

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UN Secretary-General Ban Ki-moon addresses the opening of the high-level segment of the annual UN climate talks involving environment ministers and climate officials from nearly 200 countries, in Doha, Qatar, Tuesday, Dec. 4, 2012. A World Bank report said on Wednesday  Global warming will have dire consequences for the Middle East and North Africa, with even hotter and drier conditions devastating everything from agriculture to tourism.  AP PHOTO/OSAMA FAISAL

Global warming will have dire consequences for the Middle East and North Africa, with even hotter and drier conditions devastating everything from agriculture to tourism, a World Bank report said on Wednesday.

Posted: December 5th, 2012 in Latest Global Nation Stories | Read More »

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