LATEST PUBLICATIONS
PN 2017-30
Financing Postdisaster Reconstruction in the Philippines
EID 2017 Vol. XVII No.5
Demographic Dividend
PN 2017-29
Assessment of Planning and Programming for Capital Projects at the National and Agency Levels
PN 2017-28
Reforming the Legal Framework for the Budget Process
Publication Detail
23629: Philippines - development policy review : an opportunity for renewed poverty reduction

The Philippines regained a modest growth rate of 3.5 percent per annum for 1999-2001, but has not yet managed to reduce the incidence of poverty from its 1996 level. The Medium Term Philippine Development (MTPDP) growth targets of over 5 percent per year are attainable, but only if the key building blocks for sustained growth - an environment conducive to increased investment and productivity within both private and public sectors - are firmly in place. And it must complement this higher growth with increased equity to achieve the desired rapid reduction in poverty. The report identifies priority issues in five critical areas: 1) continue to strengthen fiscal management; 2) improve governance and public sector functioning; 3) strengthen private sector development; 4) strengthen and deepen the financial sector; 5) empower and protect the poor. None of these five areas is sufficient by itself to achieve the desired growth with equity. But they are each necessary and together they form an integrated set of initiatives. (With permission from the World Bank Group)

World Bank
Authors Keywords
World Bank; population and family relation; poverty alleviation; poverty distribution; poverty measurement; governance; fiscal management; poverty; fiscal policy; fiscal sector; population;
Download PDF Number of Downloads
Published in 0 and available in the or can be downloaded as full text Downloaded 569 times since November 25, 2011