MANILA – The Department of Finance (DOF) said the 2026-2031 Country Partnership Framework (CPF) recently approved by the World Bank Group (WBG) aligns closely with President Ferdinand R. Marcos Jr.’s development agenda focused on inclusive growth.
The new CPF ensures that support is tailored to the key priorities of the administration, such as improving healthcare, education, job creation, digitization and building a more resilient and inclusive economy.
“The World Bank has once again proven to be a reliable partner of the Philippines. By anchoring the CPF in the President’s vision, we ensure that development financing addresses our most pressing needs and delivers genuine impact in improving the lives of Filipinos,” Finance Secretary Ralph Recto said in a news release.
“Together with the World Bank, we will make sure that all Filipinos feel the benefits and relief brought by our programs,” he added. The CFP guides the WBG’s engagement with member countries, ensuring support remains targeted and relevant to the beneficiary.
It employs a country-driven and evidence-based approach, supported by detailed analyses of the country’s development challenges and opportunities. For the Philippines, the new CPF is shaped by wide-ranging consultations with national and local government agencies, academic institutions, civil society organizations, development partners and the private sector.
Through its implementation, the WBG expects to deliver quality health, nutrition, and population services to 19 million Filipinos and support better education outcomes for 15 million students. Improved access to quality health and education will close the human capital gap and strengthen the capabilities of Filipinos.
The framework also aims to create or improve four million jobs, expand broadband access to 19 million individuals, and mobilize USD2 billion in private capital to drive economic growth.
Additionally, the CPF is expected to support 12.5 million beneficiaries of social protection programs and improve climate resilience for 13 million people, helping shield communities from future shocks. It also underscores the need for a more efficient and capable public sector.
Through digital transformation and smarter service delivery, the WBG aims to enable 20 million people to access government services online — making public institutions more accessible, accountable, and responsive.
The CPF is a joint strategy of the International Bank for Reconstruction and Development, International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).
The WBG will provide financial support and advisory services to implement the CPF, including IFC support to mobilize private sector capital, while MIGA will explore opportunities to support investments through its guarantee platform. (PNA)