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Monday, March 31, 2008

 

Noli de Castro proposes 
5-point growth strategy

By Katrice R. Jalbuena Reporter

VICE President Noli de Castro has proposed a five-point strategy to
arrest the uncertainties surrounding the country’s economic and social condition.

Speaking during the Philippine Development Forum (PDF) in Clark, Pampanga last week, de Castro admitted that “the truth behind the Philippine economic and social condition is not in black and white, but in shades of gray”.

De Castro believes the country’s economic and social dilemma can be resolved by the five-point strategy he is proposing.

First, de Castro said development planners have to refocus some of the country’s programs away from welfare activities towards sustainable income generation.

“We could not rely on them [welfare-type programs] to provide the building block for long-run improvement in the living condition of the poor,” he said.

Second, he said mechanisms to address the reality of globalization and its impact on food prices should be instituted.

The vice-president explained that in 2007, world food prices went up by 75 percent as compared to levels in 2000. Since food is the biggest item in the consumption basket of the poor, he said any increase in food prices will surely affect their standard of living.

Third, de Castro said the country should seal its gains and prevent backsliding. He said the series of reform measures aimed at improving revenue generation and limiting government expenditures have been instrumental in promoting macroeconomic stability.

De Castro also suggested the build-up of good practices in governance such as the reforms that encourage accountability and transparency, that include the new procurement law and government accounting system.

Lastly, de Castro called on the development planners to work meaningfully with all sectors to strengthen the commitment to eradicate poverty, and pursue genuine development in the country.

During the forum, de Castro also made a pitch for the Paris Declaration on aid effectiveness adopted in 2005.

“With the Philippine Development Plan as the platform to harmonize and coordinate efforts to address key challenges and support shared priorities among government, development agencies, civil society, and the business sector, we actually see the principles and commitments in the Paris Declaration put into best practice,” he said.

He specifically highlighted the key words of the declaration namely: “ownership” by the government of development projects; ‘alignment’ which calls for the use of the country’s systems and procedures; and “harmonization” which advocates that development agencies dovetail all efforts to support the country’s priorities.

   

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