World Bank: PH no longer "sick man of Asia," now "Asia’s rising tiger"

ABS-CBNNews.com reports that at the Philippines Development Forum (PDF), World Bank country director Motoo Konishi cited "the government's macroeconomic stability, the government's "sound and improving" fiscal situation, its improved transparency and fight against corruption."

ABS-CBNNews.com reports that at the Philippines Development Forum (PDF), World Bank country director Motoo Konishi cited "the government's macroeconomic stability, the government's "sound and improving" fiscal situation, its improved transparency and fight against corruption." President Noynoy Aquino had pointed out at the same forum that "the Philippines’  6.6 percent GDP growth in 2012 exceeded targets."

 

The report then quoted Konishi, who said, "A striking story emerges out of these discussions: It is remarkably similar across a wide range of stakeholders and this is how it goes. First, [the] Philippines is no longer the sick man of East Asia but the rising tiger."

 

According to the report, Konishi then enumerated the stakeholders’ recommendations for added development in five areas: economic development, human development and poverty reduction, justice and peace, climate change adaptation and mitigation, and governance and anti-corruption.

 

For more on this story, log on to ABS-CBNNews.com.

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