The Philippines Economic Update is a biannual publication of the World Bank. It summarizes key economic and social developments, important policy changes, and the evolution of external/global conditions. The December 2023 edition highlights a special focus on “Safe Water and Sanitation for All.” The report emphasizes the significance of attaining universal access to safely managed water supply and sanitation. This is crucial as it plays a key role in human development, public health, and poverty reduction.