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[REPORT LAUNCH] Philippines Economic Update June 2021: Navigating a Challenging Recovery

June 10, 2021

World Bank Philippines on Facebook

MULTIMEDIA

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  • The Philippines Economic Update provides the latest World Bank economic outlook for the country. It analyzes the impact of COVID-19 on the economy and discusses short- and medium-term policy actions for speeding up recovery. The report also provides analysis and recommendations on enhancing decentralization and service delivery in view of the implementation of the Mandanas Ruling in 2022.

    Catch the presentation of the key report findings by the report authors and join the discussion with local governance champions on Facebook Live @WorldBankPhilippines, June 10, 10am. 

  • 10:00 –

    10:05 AM

     

     

    Opening Remarks 

    Ndiamé Diop

    Country Director for Brunei, Malaysia, Philippines and Thailand  

    World Bank

    10:05 –

    10:15 AM

    Keynote Address 

    Hon. Merceditas Sombilla

    Undersecretary, Regional Development Group

    National Economic and Development Authority 

    10:15 –
    10:45 AM

    Presentation  

    Philippines Economic Update June 2021: Recent Developments and Outlook 

    Kevin Chua

    Senior Economist, Macroeconomics, Trade, and Investment Global Practice

    World Bank   

     

    Understanding the Fiscal Impact of the Mandanas Ruling 

    Kevin Cruz

    Economist, Macroeconomics, Trade, and Investment Global Practice

    World Bank

     

     

    10:45 –

    11:30 AM

     

     

    Panel Discussion

    Strengthening Decentralization through National and Subnational Coordination 

    Hon. Jose Ma. Clemente Salceda

    House Representative

    2nd District of Albay  

     

    Hon. Cynthia Falcotelo-Fortes

    Mayor of Barcelona, Sorsogon and 

    Secretary General, League of Municipalities of the Philippines 

     

    Anna Liza Bonagua

    Director for Local Government Development

    Department of the Interior and Local Government  

     

    Francisco Magno

    Senior Fellow and Founding Director

    Jesse M. Robredo Institute of Governance 

     

    Madhu Raghunath (Moderator)

    Sector Leader for Sustainable Development for Brunei, Malaysia, Philippines and Thailand

    World Bank 

    11:30 –

    11:55 AM

    Open Forum 

    11:55 AM –

    12:00 PM 

    Closing Remarks

    Lars Moller

    Practice Manager, Macroeconomics, Trade and Investments

    World Bank

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    Ndiamé Diop

    Country Director for Brunei, Malaysia, Philippines and Thailand

    World Bank

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    Hon. Merceditas Sombilla

    Undersecretary, Regional Development Group

    National Economic and Development Authority

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    Kevin C. Chua

    Senior Economist and Lead Author of the Philippines Economic Update June 2021

    World Bank

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    Kevin Thomas Cruz

    Economist and Co-Author of the Philippines Economic Update June 2021

    World Bank

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    Hon. Jose Maria Clemente Salceda

    House Representative

    2nd District of Albay

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    Hon. Cynthia Falcotelo-Fortes

    Mayor of Barcelona, Sorsogon and

    President, League of Municipalities of the Philippines

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    Anna Liza Bonugua

    Director, Local Government Development

    Department of the Interior and Local Government

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    Francisco Magno

    Senior Fellow and Founding Director

    Jesse M. Robredo Institute of Governance

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    MODERATOR: Madhu Raghunath

    Sector Leader for Sustainable Development

    World Bank

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    Lars Moller

    Practice Manager for Macroeconomics, Trade and Investments

    World Bank