Philippine Infrastructure and Connectivity: Challenges and Reforms. (4th July 2016)

• Record Type: Journal Article
• Authors: Llanto, Gilberto M.
• Is Part Of: Asian economic policy review. Volume 11:Number 2(2016:Dec.)
• Page Start: 243
• Page End: 261
• Publication Date: 2016-07-04
• Subjects: connectivity -- infrastructure -- infrastructure finance -- information and communications technology -- public‐private partnership; H54 -- O18; Finance -- Asia -- Periodicals; Asia -- Economic conditions -- Periodicals; Asia -- Economic policy -- Periodicals; 330.95
• DOI: 10.1111/aepr.12141
• Languages: English
• ISSNs: 1832-8105

Abstract

Abstract : The Philippines has performed creditably well in the past few years. Ensuring better infrastructure and connectivity is crucial in attaining inclusive growth. This will require substantial investments in infrastructure. Various reforms to address the infrastructure lack were implemented but there is scope for more reforms: improving fiscal space, reforming budgetary processes, improving public‐private partnerships (PPPs) and the regulatory environment, and better policy coordination to address problems of connectivity and infrastructure. The Philippines has to continuously improve the governance framework, ensure stability and predictability of policies and regulations. Better coordination among a diverse set of governmental infrastructure bodies, and also between government and the private sector is needed to address infrastructure bottlenecks.