President Rodrigo
Roa Duterte said this during the leaders’ roundtable session on promoting green
and sustainable development at the Belt and Road Forum for International
Cooperation in Beijing, that the Philippines is projected to become the 25th
largest economy in the world in PPP (purchasing power parity) terms.
The country is on
the path of economic resurgence and will soon become an upper middle-income
country, the President declared this at the Belt and Road Forum for
International Cooperation.
Duterte
highlighted the country’s progress ad achievements as he vowed with his
economic team to further improve economic productivity,promote clean and green
infrastructure network.
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| President Duterte and his cabinet (phoot credit to Malacaang) |
“The
Philippines, along with the rest of Asia, is on the path of economic
resurgence,” he said during the leaders’ roundtable session on promoting green
and sustainable development.
“By 2020, the
combined economies of Asian countries will be larger than that of the rest of
the world. The Philippines, in particular, is set to join the ranks of
upper-middle-income countries as it is projected to become the 25th largest
economy in the world in PPP terms,” he said.
The President noted
that the Philippines’ national development plans were aligned with the United
Nations 2030 Agenda on Sustainable Development.
He highlighted the
government’s infrastructure development program (BUILD BUILD BUILD) that seeks
to transform the the country into “one integrated economic space.”
At
least 75 big-ticket infrastructure projects worth $41.6 billion dollars will be
implemented in the medium-term, according to the President.
“Our
goal is to promote new growth centers outside the already congested
urban-industrial region surrounding Metropolitan Manila. This will create more
job opportunities for our people,” he said.
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Report from Manila Bulletin
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