Philippines : Development Policy Update
The Philippines has achieved reasonable economic growth of about 4 percent per annum over the past two years, in spite of adverse global developments, sporadic conflict in Mindanao, political uncertainty and investor concerns regarding fiscal susta...
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| Format: | Development Policy Review (DPR) |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/10/5130338/philippines--development-policy-update http://hdl.handle.net/10986/14372 |
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okr-10986-143722021-04-23T14:03:18Z Philippines : Development Policy Update World Bank ACCESS TO SAFE WATER ACCOUNTING ADVERSE EFFECTS AGRICULTURAL PRODUCTION AGRICULTURE AMORTIZATION AUDITS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR REFORMS BARRIERS TO ENTRY BASIC EDUCATION BOND ISSUES BORROWING CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CASE MANAGEMENT CENTRAL BANK CHILD HEALTH CHILD MORTALITY COAL COMPETITIVENESS CORPORATE GOVERNANCE CURRENCY CURRENT ACCOUNT DEBT DEBT SERVICE DEBT SERVICING DEFICITS DIRECT INVESTMENT EAST ASIA ECONOMIC GROWTH ECONOMICS ELASTICITY ELECTRICITY EMPLOYMENT ENERGY CONSUMPTION EQUITY INVESTMENTS EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXTREME POVERTY FAMILIES FAMILY INCOME FAMILY PLANNING FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL BALANCE FISCAL MANAGEMENT FISCAL PERFORMANCE FOREIGN EXCHANGE FORWARD CONTRACTS GDP GIRLS GNP GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH MODELS GROWTH RATE HEALTH CARE HEALTH PROGRAMS HEALTH STATUS HOLIDAYS HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORTS INCOME INCOME GROUPS INCOME INEQUALITY INFLATION INFLATION RATE INFLATION RATES INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INVENTORIES LABOR FORCE LABOR PRODUCTIVITY LAGS LAWS LEGISLATION LENDING RATES LIABILITY LIQUIDITY LOAN GUARANTEES MACROECONOMIC STABILITY MALARIA MARGINS MARKET COMPETITION MARKET ECONOMIES MATURITY METALS MONETARY POLICY MONEY LAUNDERING NET EXPORTS NURSES OFFSETTING OIL OIL PRICES PEACE PENSION FUNDS PER CAPITA INCOME PIN POPULATION GROWTH PRIVATE CONSUMPTION PRIVATE SECTOR PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC OFFERING PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR PERFORMANCE PUBLIC SPENDING RATE OF INVESTMENT REAL ESTATE REAL INTEREST RATE REPRODUCTIVE HEALTH RESOURCE USE REVENUE COLLECTION REVENUE PERFORMANCE RISK GROUPS ROADS SANITATION SAVINGS SECURITIES SERVICES SECTOR SOCIAL SERVICES SSS SUBSTITUTION TAX TAX COLLECTION TAX INCENTIVES TAX RATES TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TOBACCO TRADE BALANCE TRANSPARENCY TREASURY TUBERCULOSIS UNEMPLOYMENT UNEMPLOYMENT RATE UTILITIES WATER SUPPLY WORLD TRADE ORGANIZATION WTO The Philippines has achieved reasonable economic growth of about 4 percent per annum over the past two years, in spite of adverse global developments, sporadic conflict in Mindanao, political uncertainty and investor concerns regarding fiscal sustainability. The economy has been particularly resilient in view of concerns regarding fiscal management and the limited recovery in investment since the 1997 Asian financial crisis. The persistent low levels of investment - below 20 percent of GNP compared with about 23 percent in the early to mid 1990s - raises concerns about future growth. In recent years it has been consumption rather than investment that has underpinned growth, and this cannot continue indefinitely. Sustained geographically dispersed economic growth and relatively stable prices have resulted in a decline in poverty. Both the public and private sector will need to contribute for the Philippines to more fully achieve its development objectives. Three issues are central to improved public sector performance - fiscal management, off-budget losses and contingent liabilities, and governance. Mindful of the Philippines' relatively poor competitiveness and that growth, employment creation and poverty reduction depend critically on private sector performance, this update focuses on three key investment issues - infrastructure, the financial sector, and competition. 2013-07-03T20:08:55Z 2013-07-03T20:08:55Z 2003-10-16 http://documents.worldbank.org/curated/en/2003/10/5130338/philippines--development-policy-update http://hdl.handle.net/10986/14372 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Development Policy Review (DPR) Economic & Sector Work East Asia and Pacific Philippines |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO SAFE WATER ACCOUNTING ADVERSE EFFECTS AGRICULTURAL PRODUCTION AGRICULTURE AMORTIZATION AUDITS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR REFORMS BARRIERS TO ENTRY BASIC EDUCATION BOND ISSUES BORROWING CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CASE MANAGEMENT CENTRAL BANK CHILD HEALTH CHILD MORTALITY COAL COMPETITIVENESS CORPORATE GOVERNANCE CURRENCY CURRENT ACCOUNT DEBT DEBT SERVICE DEBT SERVICING DEFICITS DIRECT INVESTMENT EAST ASIA ECONOMIC GROWTH ECONOMICS ELASTICITY ELECTRICITY EMPLOYMENT ENERGY CONSUMPTION EQUITY INVESTMENTS EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXTREME POVERTY FAMILIES FAMILY INCOME FAMILY PLANNING FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL BALANCE FISCAL MANAGEMENT FISCAL PERFORMANCE FOREIGN EXCHANGE FORWARD CONTRACTS GDP GIRLS GNP GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH MODELS GROWTH RATE HEALTH CARE HEALTH PROGRAMS HEALTH STATUS HOLIDAYS HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORTS INCOME INCOME GROUPS INCOME INEQUALITY INFLATION INFLATION RATE INFLATION RATES INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INVENTORIES LABOR FORCE LABOR PRODUCTIVITY LAGS LAWS LEGISLATION LENDING RATES LIABILITY LIQUIDITY LOAN GUARANTEES MACROECONOMIC STABILITY MALARIA MARGINS MARKET COMPETITION MARKET ECONOMIES MATURITY METALS MONETARY POLICY MONEY LAUNDERING NET EXPORTS NURSES OFFSETTING OIL OIL PRICES PEACE PENSION FUNDS PER CAPITA INCOME PIN POPULATION GROWTH PRIVATE CONSUMPTION PRIVATE SECTOR PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC OFFERING PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR PERFORMANCE PUBLIC SPENDING RATE OF INVESTMENT REAL ESTATE REAL INTEREST RATE REPRODUCTIVE HEALTH RESOURCE USE REVENUE COLLECTION REVENUE PERFORMANCE RISK GROUPS ROADS SANITATION SAVINGS SECURITIES SERVICES SECTOR SOCIAL SERVICES SSS SUBSTITUTION TAX TAX COLLECTION TAX INCENTIVES TAX RATES TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TOBACCO TRADE BALANCE TRANSPARENCY TREASURY TUBERCULOSIS UNEMPLOYMENT UNEMPLOYMENT RATE UTILITIES WATER SUPPLY WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ACCESS TO SAFE WATER ACCOUNTING ADVERSE EFFECTS AGRICULTURAL PRODUCTION AGRICULTURE AMORTIZATION AUDITS BALANCE OF PAYMENTS BANK LENDING BANKING SECTOR REFORMS BARRIERS TO ENTRY BASIC EDUCATION BOND ISSUES BORROWING CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CASE MANAGEMENT CENTRAL BANK CHILD HEALTH CHILD MORTALITY COAL COMPETITIVENESS CORPORATE GOVERNANCE CURRENCY CURRENT ACCOUNT DEBT DEBT SERVICE DEBT SERVICING DEFICITS DIRECT INVESTMENT EAST ASIA ECONOMIC GROWTH ECONOMICS ELASTICITY ELECTRICITY EMPLOYMENT ENERGY CONSUMPTION EQUITY INVESTMENTS EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXTREME POVERTY FAMILIES FAMILY INCOME FAMILY PLANNING FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL BALANCE FISCAL MANAGEMENT FISCAL PERFORMANCE FOREIGN EXCHANGE FORWARD CONTRACTS GDP GIRLS GNP GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH MODELS GROWTH RATE HEALTH CARE HEALTH PROGRAMS HEALTH STATUS HOLIDAYS HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORTS INCOME INCOME GROUPS INCOME INEQUALITY INFLATION INFLATION RATE INFLATION RATES INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INVENTORIES LABOR FORCE LABOR PRODUCTIVITY LAGS LAWS LEGISLATION LENDING RATES LIABILITY LIQUIDITY LOAN GUARANTEES MACROECONOMIC STABILITY MALARIA MARGINS MARKET COMPETITION MARKET ECONOMIES MATURITY METALS MONETARY POLICY MONEY LAUNDERING NET EXPORTS NURSES OFFSETTING OIL OIL PRICES PEACE PENSION FUNDS PER CAPITA INCOME PIN POPULATION GROWTH PRIVATE CONSUMPTION PRIVATE SECTOR PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC OFFERING PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR PERFORMANCE PUBLIC SPENDING RATE OF INVESTMENT REAL ESTATE REAL INTEREST RATE REPRODUCTIVE HEALTH RESOURCE USE REVENUE COLLECTION REVENUE PERFORMANCE RISK GROUPS ROADS SANITATION SAVINGS SECURITIES SERVICES SECTOR SOCIAL SERVICES SSS SUBSTITUTION TAX TAX COLLECTION TAX INCENTIVES TAX RATES TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TOBACCO TRADE BALANCE TRANSPARENCY TREASURY TUBERCULOSIS UNEMPLOYMENT UNEMPLOYMENT RATE UTILITIES WATER SUPPLY WORLD TRADE ORGANIZATION WTO World Bank Philippines : Development Policy Update |
| geographic_facet |
East Asia and Pacific Philippines |
| description |
The Philippines has achieved reasonable
economic growth of about 4 percent per annum over the past
two years, in spite of adverse global developments, sporadic
conflict in Mindanao, political uncertainty and investor
concerns regarding fiscal sustainability. The economy has
been particularly resilient in view of concerns regarding
fiscal management and the limited recovery in investment
since the 1997 Asian financial crisis. The persistent low
levels of investment - below 20 percent of GNP compared with
about 23 percent in the early to mid 1990s - raises concerns
about future growth. In recent years it has been
consumption rather than investment that has underpinned
growth, and this cannot continue indefinitely. Sustained
geographically dispersed economic growth and relatively
stable prices have resulted in a decline in poverty. Both
the public and private sector will need to contribute for
the Philippines to more fully achieve its development
objectives. Three issues are central to improved public
sector performance - fiscal management, off-budget losses
and contingent liabilities, and governance. Mindful of the
Philippines' relatively poor competitiveness and that
growth, employment creation and poverty reduction depend
critically on private sector performance, this update
focuses on three key investment issues - infrastructure, the
financial sector, and competition. |
| format |
Economic & Sector Work :: Development Policy Review (DPR) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Philippines : Development Policy Update |
| title_short |
Philippines : Development Policy Update |
| title_full |
Philippines : Development Policy Update |
| title_fullStr |
Philippines : Development Policy Update |
| title_full_unstemmed |
Philippines : Development Policy Update |
| title_sort |
philippines : development policy update |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/10/5130338/philippines--development-policy-update http://hdl.handle.net/10986/14372 |
| _version_ |
1764428669926768640 |