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Economic team attends IMF-WB meetings in Bali.

By Chino S. Leyco

The Duterte administration's economic managers are set to attend the International Monetary Fund (IMF) and World Bank (WB) annual meetings in Indonesia this week.

According to the National Economic and Development Authority (NEDA), the delegation will be led by Socioeconomic Planning Secretary Ernesto M. Pernia, Finance Secretary Carlos Dominguez, and Budget Secretary Benjamin Diokno.

Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo will also join the economic team in Bali, Indonesia.

Pernia will be representing the country in meetings starting Tuesday, where Indonesian President Joko Widodo is expected to attend.

The gathering this year will carry the themes of Development, Economy and Finance, and the Diversity and Potential of Indonesia.

NEDA will represent the country in several side meetings like the Human Capital Project: Early Adopters Ministerial Roundtable and Forum on October 10, and the Third Human Capital Summit 2018 on October 11.

Pernia will also grace the ASEAN Leaders' Gathering on October 11, and attend meetings on financial inclusion.

NEDA will represent the Philippines at the ASEAN Forum on Implementing the Sustainable Development Goals, as well as the meeting on "Human Capital: Moving Forward Together for Impact" on October 12.

"We will be reaffirming the Philippine government's commitment to human capital development in these meetings. Investing in people's education and health is a critical step to boost inclusive economic growth and end extreme poverty," Pernia said.

He added the Philippine Development Plan (PDP) 2017-2022 lists several strategies on accelerating human capital development.

The PDP Chapter on Accelerating Human Capital Development identifies the need for universal health insurance, improved quality of higher and technical education, and a universal and transformative social protection program, among many others.

Pernia said the government is also developing methodologies and measurements on human capital and welfare, such as the Human Capital Index, Multi-dimensional Poverty Index, and the National Transfer Account.

The IMF-WB Annual Meetings are conducted by the IMF and World Bank Board of Governors every October to discuss economic, financial, development, and global issues.

This year's gathering will be attended by finance ministers, central bank governors, financial institutions, civil society organizations, academia, and the press from 189 member-countries.


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Title Annotation:Business News
Publication:Manila Bulletin
Geographic Code:9INDO
Date:Oct 8, 2018
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