The World Bank’s Board of Executive Directors on Friday approved funding support for two government projects designed to help ensure safe and resilient schools, as well strengthen economic recovery in the Philippines.
“Education is a key component of human capital. By improving the learning environment and making schools safer, children are more likely to attend classes, perform better academically, and complete their education, Ndiamé Diop, World Bank Country Director for Brunei, Malaysia, the Philippines, and Thailand, said.
“By strengthening the resilience of educational facilities, disruptions to learning caused by natural disasters can be minimized, ensuring that children can continue their education with fewer interruptions,” Fernando Ramirez Cortes, World Bank Senior Disaster Risk Management Specialist, said. “The Philippine economy remains resilient in the face of ongoing global and domestic challenges. The reforms supported by this lending program, if implemented, will encourage private investment, innovation, and sustained growth,” said Ralph Van Doorn, World Bank Senior Economist. “Through these reforms, the Philippines can transition faster to a greener economy and achieve its environmental and climate objectives.