New Phl CPF finalized early next year – WB

The World Bank expects to finalize by early next year its new country partnership framework (CPF) that will outline programs to be supported in the Philippines for 2025 until 2028.

- By LOUELLA DESIDERIO

"We are in the process of finalizing and in the early part of 2025, we will finalize the new CPF," World Bank country director Zafer Mustafaoglu told reporters.

In particular, he said the CPF is expected to be ready within the "first four months of 2025."

As part of preparations for the CPF, he said the World Bank has been conducting consultations with government agencies, non-government organizations and the private sector.

The CPF will contain the objectives and programs the World Bank intends to support in the Philippines as part of the multilateral lender's efforts to help address poverty and promote shared prosperity.