The government expects to generate 4 million more jobs, expand internet access, and increase capital for Filipinos under the World Bank’s new Country Partnership Framework (CPF) for the Philippines.

For the next six years, the Department of Finance (DOF) said the CPF will help expand internet access to 19 million Filipinos and support critical private sector projects through a $2 billion fund.

The CPF outlines the country's major challenges and proposed solutions, including financing strategies to be refined through ongoing engagement between the government, stakeholders, and the World Bank. The global institution said the CPF’s success will be measured by “well-defined and focused outcomes.”

"By anchoring the CPF in the President’s vision, we ensure that development financing addresses our most pressing needs and delivers genuine impact in improving the lives of Filipinos," Finance Secretary Ralph Recto said.

World Bank Vice President for East Asia and Pacific Manuela Ferro said the CPF aims to strengthen the country’s disaster resilience, education, healthcare, and digital connectivity.

In the process, she added, more job opportunities will be created.

"The CPF is designed to help the Philippines build on this positive momentum to create more jobs for its young population, build resilience to shocks, further reduce regional disparities, and invest in education and health," Ferro said.

The World Bank expects the CPF to provide better healthcare for 19 million Filipinos and high-quality education for 15 million students. It also projects improvements in social protection programs for 12.5 million people and more effective climate change protection for 13 million vulnerable individuals.