NEDA UNDERSCORES GOOD GOVERNANCE AS PPP PROGRAM’S GUIDING PRINCIPLE
Socioeconomic Planning Secretary and NEDA Director-General Cayetano W. Paderanga, Jr., during the Philippine Corporate and Investment Pavilion and 45th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), said good governance is the Philippine government’s guiding principle to “ensure that public-private agreements are mutually advantageous and would safeguard the public’s interest.”
Paderanga also cited the country’s accomplishments in the area of governance. The Philippines, he said, has improved its competitiveness ranking based on the Transparency International Corruption Perception index and World Economic Forum Competitiveness Rankings.
“With this, the Philippines is considered an emerging market economy in the region and is poised to become an influential economy in the coming years. The country’s potential lies in the key growth areas of agribusiness, business process outsourcing and tourism,” he said.
In the same seminar, dubbed as “Building Infrastructure, Driving Growth: PPP as a Catalyst for Transformation,” Public-Private Partnership (PPP) Center Executive Director Cosette Canilao stressed that PPP gained momentum with the approval of the DaangHari SLEX Link Road.
“It only took 13 months to get this project tendered,” Canilao said, adding that the government worked on laying the foundations to build productive partnerships and instituted mechanisms and facilities that helped implementing agencies to undertake projects that are properly prepared, relevant and economically viable for both government and the private sector.
The Philippines hosted this year’s meeting of the ADB Board of Governors with the theme, “Inclusive Growth through Good Governance.” The seminars to be held in connection with the meeting will run from May 2 to May 5, 2012 at the SMX Convention Center and the Philippine International Convention Center (PICC).
MR No. 2012-033
07 May 2012
