Development Finance and Aid in the Philippines: Policy, Institutional Arrangements and Flows

Gilberto M. Llanto, Adoracion Navarro and Ma. Kristina P. Ortiz

No DP 2015-10, Discussion Papers from Philippine Institute for Development Studies

Abstract: The Philippines` recent economic performance has been remarkable amid the lingering slowdown in the global economy and the devastation brought about by recent natural disasters. The economy grew by 7.2 percent in 2013, substantially higher than its 6.8 percent growth in 2012. With GDP growth averaging at 5.9 percent in the last three years, the Philippines is one of the better performers among the developing economies. However, the economy faces problems of high poverty incidence and income inequality. The main challenge is how to sustain rapid and inclusive growth.It is important for the government`s inclusive growth strategy and development agenda to be supported by responsive development finance. This Development Finance and Aid Assessment prepared for the National Economic and Development Authority (NEDA) takes stock of current development finance in the Philippines. It provides a comprehensive survey of development finance and aid scenario in the Philippines in the next 5 to 10 years. It offers policy recommendations and proposals for enhancements on development financing in the country.

Keywords: remittances; tax effort; Philippines; official development assistance (ODA); public-private partnership (PPP); inclusive growth; development finance; inclusive finance (search for similar items in EconPapers)
Pages: 120
Date: 2015
New Economics Papers: this item is included in nep-sea
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.pids.gov.ph/publication/discussion-pap ... rangements-and-flows (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:phd:dpaper:dp_2015-10

Access Statistics for this paper

More papers in Discussion Papers from Philippine Institute for Development Studies Contact information at EDIRC.
Bibliographic data for series maintained by Michael Ralph M. Abrigo ().