Are you suffering from "ECONOMIC PROSPERITY DELUSION" ?

by Napanice (no login)


If so, then do a quick reality check because you are fooling yourself. Here's the facts as stated by the World Bank who has been lending billions of money to the Philippine government.


WB: Investments in RP extraordinarily low


The Philippine Star

CEBU – The Philippine government must focus on raising investments and ensuring that the benefits of fiscal reform programs would lead to poverty reduction, World Bank country representative Joachim Von Amsberg said Thursday at the opening of the two-day Philippine Development Forum (PDF) at the Marco Polo Hotel here.

Von Amsberg noted that despite some of the fiscal improvements and reasonable growth rates, the investment rate in the country remains low at under 15%.

"This is extraordinarily low and raises the question of sustainability of growth. There are questions why growth has not created more employment and more income, and therefore, more rapid poverty reduction," he said in his opening speech.

The World Bank executive urges the PDF "to translate financial improvements into real investments, jobs, incomes and poverty reduction."

Posted on Mar 8, 2007, 8:49 PM
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  1. Sabi ni Carlsberg "...despite some of the fiscal improvements and reasonable growth rates". Tatang Kadkarin, Mar 8, 2007, 11:05 PM
    1. Despite means a failure to accomplish its intended goal.. Napanice, Mar 8, 2007, 11:28 PM
      1. Mas matalino ka nga kay sa World Bank! Palakpakan po natin siya!. Tatang Kadkarin, Mar 8, 2007, 11:39 PM
        1. By all means, I welcome your comprehensive explanation.. Napanice, Mar 8, 2007, 11:50 PM
          1. Ang pagbabago ng isang bansa hindi magdamag.. Tatang Kadkarin, Mar 8, 2007, 11:56 PM
            1. Just as I thought, your statements are just hollow words.. Napanice, Mar 9, 2007, 12:11 AM
              1. Simple lang kasi iyan ulit.. Tatang Kadkarin, Mar 9, 2007, 6:38 AM
                1. Maybe you should explain that 15% growth that you're claiming.. Napanice, Mar 9, 2007, 9:50 AM
  2. Alam mo, Napanice, malayo sa pinag-uusapan ang bintang mo. Lemuel G. Abarte, Mar 13, 2007, 6:49 PM

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