Heading the delegation of Filipino economic and political leaders to New York, Governor of the Philippines Central Bank Amando M. Tetangco and Finance Secretary Cesar V. Purisima have told reporters from the country’s leading news outlets about how the PBIF will be a unique opportunity to engage investors in the U.S. and to highlight the country’s economic strengths.
With elections due in May, speakers at the forum will also take advantage of the chance to assure wary investors that a change in guard will not lead to a rollback on the successful reforms that have driven the country’s economic transformation under the administration of Benigno Aquino since 2010.
In a statement issued to the press on the upcoming PBIF, the Philippines’ Investor Relations Office said, “The objectives of this Forum are to convey the continuity of the administration’s economic policy fundamentals through the next electoral cycle, to evaluate investment plans and specific prospects in strategic sectors, and to provide a platform for direct networking and business.”
The Forum, it said, “will bring together influential leaders from the Philippine government and private sector, along with their U.S. and relevant international counterparts, for an in-depth analysis of the Philippine economic and political situation, and the opportunities it holds for investors, both in capital markets and in industry.”
Mr. Purisima, who will deliver a keynote address at the PBIF, said, “The Philippines has a great economic story to tell. Our turnaround from ‘the sick man of Asia’ to the region’s resilient, bright spot is something that the Filipino people can be proud of. It is a product of painstaking discipline and good governance. We want to go out there and share the fact that despite strong external headwinds, the Philippines is here to stay as a place for growth.
“Many have placed their faith in our future as investment partners; they have not been failed by the continued rollout of our good governance agenda. We’d like to invite more partners to come write our story of growth with us for the next six years and even beyond.”
Fellow keynote speaker Governor Tetangco added, “The Philippines has transformed over the years to become one of the most resilient economies in the world, owing to strong fundamentals that include low and stable inflation, and a sound financial system backed by prudent monetary policy and banking supervision.
“Through the Philippines Business and Investment Forum, we will be able to elaborate on how we did it. We will also be able to give potential investors and other observers a picture of where the economy may be headed, as well as the various opportunities that await them.”
Links to Philippine media coverage of the PBIF
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