Purisima: Investing on BRT system supports rapid and sustainable growth
Read MoreA development policy loan agreement to boost fiscal sustainability and governance transparency amounting to USD 300 million has been signed between the Government of the Republic of the Philippines and The World Bank. Finance Secretary Cesar V. Purisima signed The World Bank’s Third Development Policy Loan (DPL 3) last 14 October 2014 on behalf of the Philippine government.
Read MoreStatement by the Hon. Cesar V. Purisima,
Governor of the Bank for the Philippines
As the country’s official representative to the World Bank, the Department of Finance has been regularly seconding key personnel to the Bank’s Board of Directors.
Read More“We congratulate Dr. Jim Yong Kim as he formally assumes office as the World Bank’s 12th President.
Read More“We congratulate Dr. Jim Yong Kim as he formally assumes office as the World Bank’s 12th President.
Read MoreWe congratulate Dr. Jim Yong Kim for his election as the new president of World Bank. The Philippines assures Dr. Kim of its continued support to the multilateral agency under his leadership as the Bank moves to ensure that sustainable and inclusive growth is experienced across all nations.
Read MoreTHE PHILIPPINES has thrown its support behind the United States nominee to the top World Bank post even as it emphasized its call for “democratizing” the selection process for the agency’s chief. “We would like to assure you of our support for Dartmouth College President Dr. Jim Yong Kim for the World Bank presidency,” Finance Secretary Cesar V. Purisima told US Ambassador Harry K. Thomas, Jr. in a letter.
Read MoreTRANSCRIPT: Finance Sec. Cesar V. Purisima in the Euromoney Conference, March 27, 2012. Purisima: 2015 is a very important year for us in the Philippines. Thats when we will integrate as one single economic community. In an integrated Asean, the Philippines will have the second largest population and the most mobile population, and this market of close to two trillion will be a very important opportunity for us. 2015 is also the year when the Philippines will be entering the demographic sweet spot where the majority of our population will be at working age. Countries that have gone through that in the past have seen an acceleration of their growth rate. The strength of the Philippines is really in its people. Thats why President Aquino has increased the investment in its people through bigger budgets for education, health care and conditional cash transfer. The Philippines would like to position itself as the northern gateway in an integrated Asean, as well as the pacific gateway. That is why the thrust of President Aquino is to invest in its infrastructure, both through PPP and as part of budget. Were excited about the future of the Philippines because finally, I think things are aligned. We have a leadership that has the mandate; that wants to do the right thing and has the support of the businessmen. Some refer to the program of the president as Aquinomics.
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