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World Bank hails KP law passage

Manila Bulletin

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August 30, 2025

The passage into law of the Konektadong Pinoy Act is seen by the World Bank as a positive development toward digital transformation in the Philippines.

- By BEN ARNOLD DE VERA

In an Aug. 28 implementation status and results report, the Washington-based multilateral lender said the rollout of the Philippines Second Digital Transformation development policy loan (DPL) has been “satisfactory” so far.

The World Bank greenlit the $750-million DPL in November last year. Of the loan amount, $706.65 million, or over P40 billion, has already been disbursed, according to the report.

This loan took effect in December 2024 and will close in March 2026.

MEER VERHALEN VAN Manila Bulletin

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