Since taking office in 2010, the Government of the Philippines has embarked on an ambitious plan to bring down poverty and improve the lives of the poorest segments of the population. The Philippines country partnership strategy (CPS) FY2015-18 supports the government's plan to promote inclusive economic growth that creates more and better jobs and reduces poverty. As such, the CPS is fully aligned with the World Bank Group (WBG) goals of ending poverty and boosting shared prosperity. The CPS includes an analysis of how growth patterns and underlying government policies have shaped the country's development record, notably the limited poverty reduction despite significant economic growth. This CPS will support structural reforms needed to reverse long-standing policy distortions - food security, land reform, competition, labor market, and business climate which have undermined the creation of more and better jobs and the translation of growth into poverty reduction. High economic growth rates and a government committed to inclusive growth present a valuable opportunity for a new growth path. The WBG will deliver a results-based program with a selective and integrated package of strategic, analytical, diagnostic and technical assistance services, programs, and investment lending. This CPS has four main parts. Part one gives introduction, part two summarizes the country context and constraints related to poverty and income distribution patterns, progress on social indicators, the economic and political context, and the government's development vision of inclusive growth. Part three presents an evaluation of the effectiveness and lessons from the current country assistance strategy FY2010-13 and describes the inputs into the preparation of the new CPS. Finally, part four presents the approach for implementing the CPS with arrangements for monitoring results and risk.
Details
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Document Date
2014/05/14
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Document Type
Country Assistance Strategy Document
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Report Number
78286
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2014/06/30
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Disclosure Status
Disclosed
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Doc Name
Philippines - Country partnership strategy for the period FY2015-2018
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Keywords
multilateral investment guarantee agency;official statistic;
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Citation
Philippines - Country partnership strategy for the period FY2015-2018 (English). Washington, D.C. : World Bank Group. https://documents.worldbank.org/curated/en/328351468332470964/Philippines-Country-partnership-strategy-for-the-period-FY2015-2018