President Ferdinand Marcos Jr. showcased the state of the Philippine economy and the opportunities awaiting to be unlocked by future investors, telling them about moves to make sure the country continues to recover and becomes more conducive for-- READ:
investors, telling them about moves to make sure the country continues to recover and becomes more conducive for business.President Ferdinand Marcos Jr. is in a discussion with Kristalina Georgieva, Managing Director of the International Monetary Fund , after their bilateral meeting.
The President said countries also need to ensure that sufficient welfare measures are in place to cushion the impact of elevated inflationary pressures, especially towards the most affected and vulnerable sectors.The Philippines continues to focus on sustaining recovery, promoting a local environment that will nurture businesses by helping them maximize their competitiveness and facilitate their entry into the global market, he said.
“We have begun large-scale deployment of digital connectivity across the Philippines to ensure universal connectivity, particularly in geographically isolated and disadvantaged areas,” Marcos said. Joo-Ok Lee, the head of the Regional Agenda—Asia-Pacific, and memberof the Executive Committee at the World Economic Forum, acted as the moderator for the dialogue event.
The IMF, Georgieva said, was ready to help its member countries, including the Philippines, in achieving sustainable growth and pushing for economic policies that would benefit more Filipinos. Mr. Marcos also affirmed his administration’s push to ramp up its digitization initiatives, which are vital in making the bureaucracy more efficient and effective.
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