The Daily Manila Shimbun


DOF execs attending World Bank spring meeting

April 23, 2017

Key officials of the Department of Finance (DOF) are attending the annual spring meetings of the World Bank this month in Washington DC to discuss with global investors, credit rating agencies and representatives of other countries bright economic prospects for the Philippines under the Duterte administration. Finance Undersecretary and chief economist Gil Beltran will join Secretary Ernesto Pernia of the National Economic and Development Authority (NEDA), Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr.  and NEDA Deputy Director General Rolando Tungpalan in discussing with credit rating agencies the Duterte administration’s plans to sustain the Philippines’ growth via a massive public investment program focused on infrastructure and human capital development. The Philippine Statistics Authority reported GDP growth reached 6.9 percent in 2016. Pernia has said he expects  GDP to have grown by 7 percent during the first quarter of this year. National Treasurer Rosalia de Leon is set to attend the World Bank Government Bond Market Conference and Technical Workshop on April 24-28, also in Washington DC to discuss with global investors and senior country officials major issues regarding emerging local bond markets. Finance Assistant Secretary and DOF spokesperson Paola Alvarez will also join the Philippine delegation to the World Bank meetings scheduled on April 20-24. DMS