The Philippines needs to explore more bilateral and multilateral partnerships with like-minded nations to boost the country’s potential gains and development. | FArgosinoINQ
He also highlighted the government’s need to increase its efforts in building and modernizing the nation’s infrastructure network, make business transactions accessible to possible partners, and create more regulatory development for local and foreign investors.
“[As] PPP investors, we look for projects that are bankable – where risks are fairly allocated between the government and us. And we prefer investing in a market where there is a very steep commitment by the government to undertake an effective PPP program,” she explained. “We hope to encourage collaborative partnerships with different government levels, both locally and internationally, and even partnerships with the private sector,” Pastor said in the same statement.“Bureaucratic challenges get in the way of intergovernmental partnerships,” according to Pastor.
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