Achieving Inclusive Growth in the Philippines

Abstract

The Philippines' current development plan in pursuit of inclusive growth through strategies like infrastructure investment, improvement to governance, human development, employment creation, stable inflation and sustainable fiscal balance has resulted in early though limited successes. Challenges in the implementation include slow progress in public-private partnership programmes for infrastructure and inaccuracies in targeting the poor in the direct poverty relief programme. In fact, policy coherence and institutional strengthening are critical elements in pursuing inclusive growth.