World Bank Boosts Philippines’ Digital Tech Adoption Reforms ...Middle East

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World Bank Boosts Philippines’ Digital Tech Adoption Reforms
WASHINGTON, September 29, 2023 – The World Bank’s Board of Executive Directors today approved US$600 million in financing for the Philippines to support reforms aimed at increasing digitalization. The Philippines’ First Digital Transformation Development Policy Loan (DPL) aims to promote the digital transformation of government and digital infrastructure policies, expand financial inclusion through digital finance, and stimulate the growth of digital services. It will help the government digitize government operations and service delivery, foster competition in the digital infrastructure markets, and encourage the adoption of digital payments and financial services. Additionally, it will f

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