Philippines, March 13 -- The World Bank's Board of Executive Directors has approved new financing to help the Philippines strengthen its fiscal resilience, attract higher-quality private investment, and equip its workforce with the skills needed for better and more productive jobs.The new operation, the Philippines Growth and Jobs Development Policy Loan, focuses on reforms in three areas to achieve these goals: strengthening fiscal management through revenue and expenditure reforms; enhancing opportunities for private investment and innovation, by lowering the cost of doing business and promoting competition and investment; and building labor-force capabilities through reforms in skills, education, and innovation. This US$800 million opera...