VISITING World Bank officials have raised concerns over the Philippines’ poor showing in global competitiveness surveys but President Benigno Simeon C. Aquino III assured them his administration would work to reverse the country’s low rankings, a Cabinet official said.
WB Vice-President for East Asia Pacific James Adams, Philippines Director Bert Hofman and International Finance Corporation (IFC) resident representative Jesse Ang yesterday paid a courtesy call to Mr. Aquino at the Malacañang Guest House.
“They gave feedback about their insights on the ranking of the Philippines in the competitiveness survey. They pointed out that we were slipping in the survey and the President said that we’re going to reverse that and we’re going to work across several areas,” Finance Secretary Cesar V. Purisima, who was present during the meeting, said in chance interview.
The Philippines placed 39th out of 58 economies, up four places, in the International Institute for Management Development’s 2010 World Competitiveness Yearbook released last May. It was, however, dead last among the Asian economies included. The government also missed its 2010 aim of rising to the top third of the list.
The IFC’s 2010 Doing Business Report released last year, meanwhile, ranked the Philippines 144th out of 183 countries, down three places, due to unaddressed red tape and tax issues.
The visiting officials however, were upbeat about the Philippines, Mr. Purisima claimed.
“They’re very positive about developments in the Philippines. As you know the World Bank is a stickler for good governance they see the president as a stickler for good governance. They’re very happy about the developments so far,” he said.
“They talked about the support that the World Bank is giving to the Philippines in the area of infrastructure development, in the area of social services such as the conditional cash transfer and they reiterated their commitment to support the Philippines not only in loans but in technical assistance.” –Businessworld
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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