CLAIM: Marcos account at World Bank was released after meeting between President Ferdinand Marcos Jr. and World Bank Group President Ajay Banga


There’s no stopping YouTube channel “PweDelie TV” from making false claims about supposed Marcos money overseas being released to the Philippines during the presidency of Ferdinand “Bongbong” Marcos Jr.

On Sept. 8, PweDelie TV used images of a meeting between World Bank Group President Ajay Banga and Marcos at the sidelines of an Asean summit, to claim that World Bank funds supposedly owned by the president’s father, the late dictator Ferdinand Marcos, have been released to the Philippines.

At the beginning of the video, a spurious document with the letterhead of the Office of the President, titled “Reconfirmation of Trust Deposit in Trust to 9 World Bank and 7 IMF-El Banco Español Offshore Capital de TVM,” was flashed, sans any explanation, leaving viewers to make any connection.

The spurious trust deposit document was “signed” by among others, Marcos, US President Gerald Ford, and even Queen Elizabeth.

It was followed by videos of Marcos’s participation in various Asean events hosted by Indonesia in resort island of Bali.

As mentioned in our previous fact-checks of PweDelie videos, these questionable documents are often used by Marcos defenders to claim that the late dictator Ferdinand Marcos was a rich lawyer and did not need to steal from government coffers during his strongman rule from 1972 to 1986.

The Marcoses were said to have accumulated some $10 billion during the late dictator’s martial rule.


PressOne.PH is part of #FactsFirstPH which brings together various sectors that are committed to promoting truth in the public space, and exacting accountability on those who harm it with lies. For those interested to join the initiative, email

PressOne.PH believes that fact-checking is essential to combating misinformation and disinformation, and in informing and educating citizens and voters. Read more of PressOne.PH’s Fact-Checking Policy by clicking here.

The public is welcome to send feedback or requests for fact-checks at



PressOne.PH is a verified signatory of the Code of Principles of the International Fact -Checking Network at Poynter. The code of principles of the IFCN is a series of commitments organizations abide by to promote excellence in fact-checking.
If you believe PressOne.PH is violating the Code of Principles of the International Fact-Checking Network, you may submit a complaint directly to the IFCN website: