Mtpdp 26feb2011 pdf-eg_dedit_pdf

2,313 views
2,239 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,313
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
157
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Mtpdp 26feb2011 pdf-eg_dedit_pdf

  1. 1. PHILIPPINE DEVELOPMENT PLAN 2011-2016 In pursuit of inclusive growth Cayetano W. Paderanga, Jr. Socioeconomic Planning SecretaryNational Economic and Development Authority Philippine Development Forum Sofitel Philippine Plaza, Pasay City 26 February 2011
  2. 2. Outline of presentation Philippine economic performance Constraints to inclusive growth Key programs and strategies in the Philippine Development Plan 2011-2016 National Economic and Development Authority February 26, 2011 2
  3. 3. Low, lagging and uneven growth Real Per Capita GDP growth (%), 1951-200912.0 Selected Asian Economies10.0 8.0 6.0 4.0 2.0 0.0-2.0 1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001-2009 Hongkong Indonesia Korea Malaysia Philippines Singapore Taipei Thailand Sources: Asian Development Bank (2010); National Statistical Coordination Board (NSCB) 3
  4. 4. High poverty and inequality Country % of Poor Population 1/ Gini Coefficient2/ China 15.9 (2005) 0.415 (2005) Indonesia 29.4 (2007) 0.376 (2007) Malaysia 2.0 (2004) 0.379 (2004) Philippines 22.6 (2006) 0.440 (2006) Thailand 2.0 (2004) 0.425 (2004) Vietnam 21.5 (2006) 0.378 (2006) Sources/Notes 1/UNESCAP 2009 Statistical Yearbook;; based on Below US$1.25 per Day (www.unescap.org/stat/data/syb2009/) 2/ 2010 ADB Key Indicators 4
  5. 5. National Economic and Development Authority February 26, 2011 5
  6. 6. Why is inclusive growth elusive?National Economic and Development Authority February 26, 2011 6
  7. 7. Why is inclusive growth elusive? 50 Inadequate investment Gross Domestic Investment (% of GDP) 45 40 35 30 25 20 15 10 5 Factors leading to 0 94 95 96 97 Indonesia 98 99 Korea 00 01 02 03 Malaysia 04 05 06 07 Philippines 08 09 10 H1 Thailand low investment Note: Philippine’s 2010 H1 – from Q1-Q3 Sources: ADB-Asian Development Outlook; International Finance Statistics; NSCB o Inadequate infrastructure support12 Foreign Direct Investment/GDP (in Percent)10 o Gaps and lapses in 8 6 governance 4 2 0-2-4 2001 2002 2003 2004 2005 2006 2007 2008 2009 Indonesia Malaysia Philippines Thailand Vietnam Source: WB – World Development Indicators; ADB Key Indicators; National Economic and Development Authority February 26, 2011 7
  8. 8. Why is inclusive growth elusive? Output growth does not lead to employment creation40.0 Comparative Unemployment Rates of Selected35.0 Asian Economies  Labor market30.0 fragmentation25.0  Limited information about20.0 job and skill availability15.0  Concentration of economic10.0 activities to large-scale, 5.0 capital intensive and highly 0.0 2006 2007 2008 2009 2010* organized sector China Indonesia South Korea Malaysia Philippines Singapore Thailand Sources: Asian Development Outlook 2009 (March 2009); Labor Force Surveys, National Statistics Office (*Starting April 2005, the LFS adopts the new unemployment definition) National Economic and Development Authority February 26, 2011 8
  9. 9. Why is inclusive growth elusive?Inadequate level of human development  Declining quality of education  Inadequate services for health security  Inadequate protection from shocks on human capital National Economic and Development Authority February 26, 2011 9
  10. 10. Why is inclusive growth elusive?Low gains from trade250 Exports/GDP (in percent) Remittance to GDP vs. Tradable/Nontradable200 0.014 1.60150 0.012 1.40100 0.01 1.20 1.00 50 0.008 0.80 0.006 0 0.60 0.004 0.40 2001 2002 2003 2004 2005 2006 2007 2008 0.002 0.20 Hongkong Indonesia Malaysia Philippines 0 0.00 1991 1989 1993 1995 1997 1999 2001 2003 2005 2007 2009 Singapore Thailand Vietnam Source: WB – World Development Indicators; ADB Key Indicators remittance/gdp tradable-nontradable ratio National Economic and Development Authority February 26, 2011 10
  11. 11. Social Contract with the Filipino People “A country with an organized and widely shared rapid expansion of our economy through a government dedicated to honing and mobilizing our people’s skills and energies as well as the responsible harnessing of our natural resources.” National Economic and Development Authority February 26, 2011 11
  12. 12. Three broad strategiesto achieve inclusive growth... INCLUSIVE GROWTH OUTCOMES INCREASE REDUCE POVERTY EMPLOYMENT PDP 2011-2016 EFFECTIVE HIGH AND EQUAL ACCESS BROAD AND SUSTAINED TO STRATEGIES RESPONSIVE ECONOMIC DEVELOPMENT OPPORTUNITIES SOCIAL GROWTH SAFETY NETS National Economic and Development Authority February 26, 2011 12
  13. 13. Broad strategies to achieve inclusive growthHigh and sustained economic growth Attain a high and sustained economic growth that provides productive employment opportunities National Economic and Development Authority February 26, 2011 13
  14. 14. Broad strategies to achieve inclusive growthEqual access to development opportunities• Better education, primary healthcare and nutrition, and other basic social services• Equal access to infrastructure, credit, land, technology, and other productive inputs• Improve governance and strengthen institutions to promote competition National Economic and Development Authority February 26, 2011 14
  15. 15. Broad strategies to achieve inclusive growthEffective and responsivesocial safety nets Protect and enable those who do not have the capability to participate in the economic growth process National Economic and Development Authority February 26, 2011 15
  16. 16. Social Contract’s 16-Point Agenda Philippine Development Plan & Medium-Term Philippine Investment ProgramNational Economic and Development Authority February 26, 2011 16
  17. 17. Key programs and strategies in the Philippine Development Plan 2011- 2016National Economic and Development Authority February 26, 2011 17
  18. 18. Philippine Development Plan 2011-20161. Introduction2. Macroeconomic Policy3. Competitive Industry and Services Sectors4. Competitive and Sustainable Agriculture and Fisheries Sector5. Accelerating Infrastructure Development National Economic and Development Authority February 26, 2011 18
  19. 19. Philippine Development Plan 2011-20166. Towards a Dynamic and Resilient Financial System7. Good Governance and the Rule of Law8. Social Development9. Peace and Security10. Conservation, Protection and Rehabilitation of the Environment and Natural Resources Towards Sustainable Development National Economic and Development Authority February 26, 2011 19
  20. 20. Key programs and strategiesBoosting industry competitiveness togenerate more employment  Vital infrastructure and expand logistics chains (Chapter 5 – Infrastructure Development)  Mutually agreed-upon work arrangements (Chapter 2 – Industry and Services) National Economic and Development Authority February 26, 2011 20
  21. 21. Key programs and strategies Boosting industry competitiveness to generate more employment Focus on comparative advantage in more labor-intensive activities (Chapter 2 – Industry and Services) Active trade policy that allows exporters to obtaincomparative advantage factors including technologicalknow-how (Chapter 2 – Industry and Services) National Economic and Development Authority February 26, 2011 21
  22. 22. Key programs and strategiesImprove access to financing  Clear credit policy framework and corresponding credit delivery strategy (Chapter 6 – Financial sector)  Public financing programs for MSMEs, cooperatives, etc. (Chapters 3 & 4 – Competitive and Sustainable Agri-Industry-Services sectors) National Economic and Development Authority February 26, 2011 22
  23. 23. Key programs and strategies Improve access to financing Credit-access for poor – integrated in a business service package (market matching technical assistance and community organizing) (Chapter 6 – Financial sector) Regional savings generation through microinsurance, credit surety program, agent banking, use of non-bank financial institutions (Chapter 6 – Financial sector) National Economic and Development Authority February 26, 2011 23
  24. 24. Key programs and strategiesMassive investment inphysical infrastructure  Integrated and multimodal national transport and logistics system (Chapter 5 – Infrastructure development) National Economic and Development Authority February 26, 2011 24
  25. 25. Key programs and strategies Massive investment in physical infrastructure Public infrastructure financed through better fiscaland efficient budgeting and expenditure management(Chapters 2- Macro policy and Chapter 6 -Governance) Public Private Partnership (Chapter 5 –Infrastructure Development)National Economic and Development Authority February 26, 2011 25
  26. 26. Key programs and strategiesTransparent and responsivegovernance Transparency and accountability in public transactions – use of Government Integrated Financial Management Information System, procurement reforms (Chapter 7 – Governance) Anti-corruption - Whistleblower Protection Law, Amendment of the COA charter, CHRP charter (Chapter 7 – Governance) National Economic and Development Authority February 26, 2011 26
  27. 27. Key programs and strategies Transparent and responsive governance Citizen’s access to information and participation in governance (Freedom of Information Bill, NACPA, transparent process in the selection of appointees) (Chapter 7 – Governance) Enhance role of LGUs (Chapter 7 – Governance) National Economic and Development Authority February 26, 2011 27
  28. 28. Key programs and strategiesDevelop human resource throughimproved social services Adequate and responsive formal education structure and program (kindergarten+12-year basic education program) Convergence of 4Ps, KALAHI-CIDSS and SEA-K National Health Insurance Coverage Program Communication, education and advocacy campaign for population development and RP/FP Programs National Economic and Development Authority February 26, 2011 28
  29. 29. Complementary Strategies  Stable macroeconomic environment – low inflation and sustainable fiscal position (Chapter 2)  Measures to mitigate potential negative impact of environmental factors (Chapter 10) National Economic and Development Authority February 26, 2011 29
  30. 30. End of armed conflict Facilitate peace process and improve national security especially in afflicted areas (Chapter9) National Economic and Development Authority February 26, 2011 30
  31. 31. Sentro ang tao sa ating planoNational Economic and Development Authority February 26, 2011 31

×