World Bank Warns Corruption in Flood Control Impacts Philippine Growth

The World Bank has stated that corruption in flood control projects is spooking investors and dragging down economic growth in the Philippines. Despite this, the bank maintained its 2026 growth forecast for the country.

3 Aug, 09:06 — 3 Aug, 09:06

Post Share

Sources

Showing 1 of 2 sources

RapplerMostly Factual22d ago

Flood control corruption cleanup spooks investors, drags PH growth – World Bank

Scrutiny triggered by corruption in flood control projects spoils investor confidence and is a key factor why the World Bank cut its 2026 Philippine growth forecast to 3.7% from 5.3%

By Lance Spencer Yu

Read full article →

Coverage Timeline

First report: channel-news-asia · 3 Aug, 06:59|Full coverage: 2 · 2h|Window: 2h

Left-leaningCenterRight-leaning

channel-news-asia3 Aug, 06:59First to report

World Bank maintains 2026 Philippine growth forecast at 3.7%

2h later

Rappler3 Aug, 09:06Latest update

PERSPECTA

PERSPECTA

World Bank Warns Corruption in Flood Control Impacts Philippine Growth

Sources

Flood control corruption cleanup spooks investors, drags PH growth – World Bank

Coverage Timeline

World Bank maintains 2026 Philippine growth forecast at 3.7%

Flood control corruption cleanup spooks investors, drags PH growth – World Bank

Related Stories

Egypt Welcomes U.S. Decision to Remove Syria From Terrorism Sponsor List

Thessaloniki Metro Extension to Kalamaria Set to Begin Operations

Chinese Artist Sentenced to Three Years for Satirical Mao Sculptures

US Trade Policy Shifts Trigger Bond Market Volatility and Allied Friction

PERSPECTA