The 2007 Philippines Development Forum (PDF) was held in Cebu, Philippines from March 8 to 9, 2007. As in past PDFs, the Government of the Philippines, led by the Department of Finance, organized and chaired the 2007 PDF and the World Bank co-chaired. The overall theme of the 2007 PDF was "Achieving Broad-Based Growth through Sustained Reforms and Higher Investments." The four break-out sessions were organized along the following themes: achieving broad-based growth; sustaining fiscal progress; enhancing competitiveness; and nurturing regional and local growth. At the plenary session, Government laid out significant plans to address three challenges: first, an overall investment rate in the Philippines, which, at percent of GDP, represents an extraordinarily low level, raising questions about sustainability and achievability of higher growth; second, unemployment and poverty that remain high despite growth; and third, growth whose benefits are not yet sufficiently shared across sectors, regions and communities. At the break-out sessions, the participants discussed specific actions needed to respond to these challenges, while the closing remarks addressed fiscal reforms and financial improvements.
Details
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Document Date
2007/03/21
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Document Type
Board Report
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Report Number
39178
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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
2008/08/27
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Disclosure Status
Disclosed
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Doc Name
Philippines - Consultative group meeting : summary report
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Keywords
window of opportunity for action;small and medium enterprise;Securities and Exchange Commission;investment rate;financial improvements;civil society;Fiscal Reform;high population growth rate;economic and social policy;wholesale electricity;millennium development goal;international development partner;effective competition;tax effort;governance reform;budget execution data;power sector reform;international development community;high quality infrastructure;public sector deficit;foreign direct investment;access to financing;Ports and Shipping;privatization of generation;social protection strategy;local investment climate;health service provision;risk mitigation strategy;business process outsourcing;agricultural market access;peace and development;effective population policies;improving service delivery;infrastructure and services;public-private partnership;Public Spending;higher growth;fiscal management;public finance;Fiscal Sustainability;Economic Management;international environment;increased income;global market;fiscal incentive;independent agency;public expenditure;broad agreement;government spending;common need;strategic focus;fiscal revenue;public policy;PPP Policy;Tax Evasion;Tax Reform;disaggregated level;expenditure program;target system;natural disaster;vulnerable population;scale economy;electoral cycle;global equity;organizational performance;medium-term expenditure;land use;social policies;government units;legislative branch;enhancing competitiveness;plenary session;fiscal implication;international competitiveness;national accounting;ongoing measure;budgetary resource;procurement reform;budget transparency;good governance;financial market;administrative effort;fiscal saving;fiscal target;expenditure compression;european commission;fiscal consolidation;regulatory effort;financing cost;fiscal adjustment;breakout groups;fiscal stability;Fiscal policies;fiscal policy;international support;water sector;peace agreement;foreign investor;telecoms deregulation;affordable credit;institutional framework;cement production;air transport;power supply;expenditure efficiency;anticorruption effort;Maternal Health;financial protection;operational efficiency;
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Citation
Philippines - Consultative group meeting : summary report (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/419531468293704453/Philippines-Consultative-group-meeting-summary-report