WASHINGTON, October 11, 2022 – Today, World Bank Group President David Malpass met with Benjamin Diokno, Secretary of the Department of Finance of the Philippines.
President Malpass was pleased to affirm to Secretary Diokno the World Bank Group’s (WBG) strong commitment to its partnership with the Philippines.
President Malpass and Secretary Diokno exchanged views on the Philippines’ economic growth and vulnerabilities, as well as on the upcoming WBG Country Climate and Development Report (CCDR) for the Philippines.
President Malpass noted the importance of the Philippine’s continuation of tax reform efforts and work to broaden the tax base and affirmed the WBG’s readiness to support further work on domestic revenue mobilization, including the digitalization of the tax system to increase compliance.
President Malpass also affirmed Secretary Diokno of the WBG’s readiness to increase support to the Philippines – particularly in the areas of agriculture, tourism, water, energy, and education – and was glad to hear Secretary Diokno’s thoughts on priority projects for FY24.