The World Bank reinforced on Tuesday its commitment to Philippine development with a new country partnership strategy focused on hard and soft infrastructure amounting to more than $4 billion in the next four years.
And this time, the goal is to ensure that no one — especially the poorest of the poor — gets left behind once the various projects are implemented, according to World Bank President Jim Yong Kim.
“It's not just hard infrastructure that leads to economic growth. It's healthier people who are better educated that drive economic growth so we encourage investments in all of those areas,” Kim said in a press conference at the end of his two-day official visit to the Philippines.
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About the author
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.
