President Marcos Jr. in his address at the annual Vin D’ Honneur highlighted the Philippines’ strong economic performance, improved international standing and active diplomatic agenda.
President Ferdinand 'Bongbong' Marcos Jr. addressed the diplomatic community on Saturday, expressing gratitude for the past year's achievements despite global challenges. He highlighted the Philippines' strong economic performance, including a 5.8% expansion in the first three quarters of 2024, record revenue collection, improved debt transparency, and credit rating upgrades. Marcos also emphasized the declining unemployment rate and the country's progress towards upper middle-income status.
The President outlined his administration's commitment to accelerating infrastructure investments, easing business operations, and bolstering national competitiveness. He underscored the Philippines' active diplomatic agenda, marked by increased engagement with traditional and new partners in key economic and security sectors. Marcos announced the opening of four new embassies in Europe and Latin America, and plans for four more in North America, Asia, and the Pacific. He concluded by reiterating the Philippines' bid for a non-permanent seat on the United Nations Security Council in 2027-2028, seeking support from the Diplomatic Corps.
PHILIPPINES ECONOMICS DIPLOMACY FOREIGN POLICY UN SECURITY COUNCIL
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