The National Economic and Development Authority (NEDA) assured Asian investors that the government will prioritize infrastructure development while maximizing the benefits of a large consumer base and demographic dividend. | ManilaBulletin
During the Philippine Economic Briefing in Singapore, NEDA Secretary Arsenio M. Balisacan emphasized the importance of funding and investing in the 194 “Build-Better-More’” Infrastructure Flagship Projects of the Marcos Administration.
“The President has given the directive to promote PPPs as a mode of financing these IFPs and other high-impact projects in physical, digital, and social infrastructure,” Balisacan said. This is equivalent to approximately $20 billion to $40 billion per year. Many of these projects will focus on fundamental infrastructure that serves as a growth driver, enabling economic opportunities and job generation.
Balisacan said that these projects will enable the government to achieve its goal of addressing both short-term challenges and long-term constraints to job creation and poverty reduction. He emphasized that the Philippines’ vast consumer base of 110 million people and its country’s demographic dividend are crucial factors to consider when investing.
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