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

Author

Listed:
  • Llanto, Gilberto M.
  • Navarro, Adoracion M.
  • Ortiz, Ma. Kristina P.

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.

Suggested Citation

  • Llanto, Gilberto M. & Navarro, Adoracion M. & Ortiz, Ma. Kristina P., 2015. "Development Finance and Aid in the Philippines: Policy, Institutional Arrangements and Flows," Discussion Papers DP 2015-10, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2015-10
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/development-finance-and-aid-in-the-philippines-policy-institutional-arrangements-and-flows
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    Cited by:

    1. Asian Development Bank Institute, 2017. "Eradicating Poverty and Promoting Prosperity in a Changing Asia-Pacific," Working Papers id:11706, eSocialSciences.
    2. Gilberto M. Llanto, 2016. "Regulatory Coherence: The Case of the Philippines," Chapters, in: Derek Gill & Ponciano Intal, Jr. (ed.), The Development of Regulatory Management Systems in East Asia: Country Studies, chapter 6, pages 231-293, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Asian Development Bank Institute, 2017. "Making Money Work: Financing a Sustainable Future in Asia and the Pacific," Working Papers id:11892, eSocialSciences.
    4. Gilberto M. Llanto, 2016. "Towards a Requisite Regulatory Management System: Philippines," Working Papers DP-2016-21, Economic Research Institute for ASEAN and East Asia (ERIA).

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