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

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RapplerMostly Factual1d 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

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

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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

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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

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