The Presidential Spokesperson on the World Bank outlook for the Philippine economy, July 6, 2011

11:13:00 PM

Presidential Spokesperson Edwin Lacierda:

On the World Bank outlook for the Philippine Economy in 2011
[Released on July 6, 2011]

The World Bank report acknowledges that the economic fundamentals of the Philippines have significantly improved from where they were a few years ago. The report recognizes the significance of the reforms undertaken by the administration, and how these measures provide stability as we pursue inclusive growth. This is another manifestation of the thorough scrutiny of public policies and programs we have undergone, and the positive conclusion arrived at after due diligence and study.

We are continuing to work to increase the momentum of growth; there are many who still have to tangibly experience the assistance and support of their government. We will never be satisfied until those who must still do without, finally achieve the opportunities every single Filipino deserves.

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