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Details
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| Document Date:
| 2009/04/02 |
| Document Type:
| Country Assistance Strategy Document |
| Report Number:
| 47916 |
| Volume No:
| 1 of 1 |
| Country:
| Philippines ; |
| Disclosure Date:
| 2009/05/14 |
| Doc Name:
| Philippines - Country assistance strategy for the period FY2010-2012 |
| Keywords:
| Accountability, accounting, ADB, asset prices, balance of payments, Bank lending, Bank Portfolio, bank profits, Bank Recapitalization, banking sector, banking sector assets, banks, basis points, budget deficit, budget deficits, capital adequacy, capital adequacy ratios, capital markets, Cash Transfer, cash transfers, CDS, Central Bank, checks, collateral, collateral systems, commodity prices, consolidation, Consumer, Consumer Price Index, contributions, corporate governance, country risks, credit guarantee, CURRENCY, current account deficit, current account surpluses, debt, debt burden, debt ratio, decentralization, developing countries, Development Bank, direct investments, disbursement, distressed banks, domestic banks, domestic financial markets, economic conditions, Economic Developments, emerging markets, Employment, employment opportunities, equity fund, Expenditure, export competitiveness, Expropriation, external borrowings, External Debt, Farm Income, Finances, financial crisis, financial distress, financial instruments, Financial Management, financial market, financial markets, Financial Sector, financial services, financial stability, fiscal deficit, fiscal policy, foreign currency, Foreign Direct Investment, foreign exchange, foreign exchange markets, foreign investments, foreign investors, global economy, Government Financial Institutions, government spending, Gross Domestic Product, guarantee products, health insurance, health services, holding, housing, human development, human resource, human resources, income distribution, income growth, Income inequality, income tax, incomes, Indigenous Peoples, Inflation, Information System, Infrastructure Development, infrastructure finance, institutional capacity, instrument, insurance, insurance product, interest rate, interest rate differential, interest rates, internal audit, INTERNATIONAL BANK, international bond, international bonds, international capital, international capital markets, International Development, International Economics, INTERNATIONAL FINANCE, international markets, international reserves, Investment Climate, investment loans, Investment Portfolio, investor confidence, IRA, job creation, legal framework, liquidity, liquidity constraints, Loan, loan amount, Local Government, local governments, Local Infrastructure, macro-stability, macroeconomic management, macroeconomic risk, macroeconomic stability, macroeconomic uncertainty, market access, Market Development, Medium Enterprise, microenterprises, microfinance, microfinance sector, migration, Monetary Fund, Municipal Development, municipalities, National Savings, natural disasters, Natural Resources, Non Performing Loan, non-performing loan, NPL, oil prices, partial credit, payment obligations, personal income, political risk, Political risks, Portfolio investment, portfolio investments, Portfolio Performance, prepayments, private banks, private financial institutions, private financing, private investment, privatization, productivity, Public Expenditure, public expenditures, public finance, public finances, public investment, public investments, public sector debt, Public Service Delivery, public services, Public spending, Public-Private Partnership, Purchasing Power, real exchange rate, regulatory framework, remittances, reserve, resource allocation, retirement, return, risk aversion, Risk Management, rural finance, safety net, Savings, Social Services, Stakeholder, stock market, Stock market prices, Tax, tax administration, tax collection, tax exemptions, tax policy, tax rate, Technical Assistance, Telecommunications, terrorism, Trade Balance, Trade Finance, transaction, transaction costs, transparency, Transport, Treasury, treasury bonds, Trust Fund, Trust Funds, urbanization, water supply
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| Language:
| English |
| Rel. Proj ID:
| PH-Philippines Country Assistance Strategy Fy10-12 -- P113433 ; |
| Region:
| East Asia and Pacific ; |
| Rep Title:
| Philippines - Country assistance strategy for the period FY2010-2012 |
| Topics:
| Health, Nutrition and Population ; Finance and Financial Sector Development |
| SubTopics:
| Access to Finance ; Banks & Banking Reform ; Debt Markets ; ; Population Policies |
| Unit Owning:
| Philippines Headquarters Unit (EACPQ) |
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Abstract
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| In recent years, the Philippines' economic growth has rebounded on the back of fiscal consolidation, macroeconomic stability and a strong international economic environment. Higher growth has, however, not translated into less poverty: the share of the population below the poverty line is the same as it was a decade ago and has increased between 2003 and 2006.Income inequality remains high, and the country risks missing MDGs on education and maternal health. Weak governance is a recognized constraint to sustained growth and poverty reduction. The countrys main development challenge, therefore, is to achieve more inclusive growth. In the short- and medium-term, the external environment for the Philippines is likely to deteriorate, and the country may face slower growth and renewed fiscal pressures. Furthermore, the elections in 2010, typical of such elections, may slow down decision-making and program implementation. At the same time, an incoming administration can be expected to engage with the World Bank Group on the policies and initiatives it gives priority to. Over the country assistance strategy (CAS) period, the World Bank Group will contribute to achieving more inclusive growth by supporting the Philippines to: (i) maintain macroeconomic stability and cope with increased macroeconomic uncertainty through a stronger revenue base, improved expenditure efficiency and targeting, and responsive financing; (ii) improve the investment climate through an enabling business environment that promotes competitiveness, productivity and employment, especially for sectors of particular importance to the poor, such as agriculture and fisheries, and developing better models of infrastructure finance and management; (iii) in crease access to better public services for the poor by deepening the reform agendas in key public services sectors and expanding basic service delivery directly to the poor; and (iv) reduce vulnerabilities by expanding and rationalizing the country's social safety net, improving disaster risk management, piloting climate change adaptation measures and expanding climate change mitigation programs. |
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Complete Report
Official version of document (may contain signatures, etc) |
 PDF | 155 pages | Official Version | [10.85 mb] |
 Text | | Text Version* | |
| *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity. |
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