Home / Top News / Japan to fast-track financing of infra
Philippine economic managers and executives led by Finance Secretary Carlos Dominguez III during the Japan “Build, Build, Build” roadshow.

Japan to fast-track financing of infra

By Luis Leoncio

Top Philippine and Japanese officials have agreed to streamline their respective approval processes and introduce new measures to put in the fast lane the implementation of big-ticket infrastructure contracts for possible Japan financing under the so-called “Fast and Sure” principle.

Finance Secretary Carlos Dominguez III thanked Japan for its continued support for the Philippines’ economic development on the watch of Japanese Prime Minister Shinzo Abe, who has pledged a 1-trillion yen ($9 billion) investment and development aid package to the country.

“Now that our plans have progressed, we intend to lay out specific plans on how to expedite the processing and implementation of the flagship projects,” Dominguez said in his opening remarks during the meeting, referring to the infrastructure projects that the Philippines will be implementing in cooperation with Japan.

In their meeting, both panels agreed to speed up their respective project approval processes and come up with additional measures “for more efficient decision making, and swift execution such as in project preparation and formulation, due diligence, procurement process and project implementation including land acquisition and resettlement,” Dominguez said.

Noting that both governments have successfully introduced improvements in their key processes in the past, the meeting allowed both sides to discuss additional measures to streamline processing, including by introducing innovative mechanisms and actions. The Japanese side expressed openness to explore and discuss government to government measures.

Dominguez said the Philippines’ proposed first subway line, made feasible and possible through Japanese financing and technical support will be “a great monument to the friendship” between the two countries.

As the Duterte administration pursues its ambitious program to modernize infrastructure and accelerate inclusive growth, Dominguez told potential Japanese investors at a briefing in Tokyo on the Philippine economy that the government was looking forward to increased investment flows from Japanese companies.

“We are impressed with the commitment to excellence that imbues your corporate culture. We hope to benefit from the transfers of technology that invariably tracks investment flows,” he said in noting that Japan has been a major source of industrial investments in the Philippines.

“We look forward to an even stronger partnership with the Japanese people,” said Dominguez at the recent Philippine Economic Briefing held at Conrad Hotel Tokyo, Japan.

Dominguez said the Duterte administration’s accelerated spending beginning in this year’s second quarter illustrated the Duterte government’s greater absorptive capacity and its strong political resolve to embark on an unprecedented investment program anchored on higher public spending on infrastructure and social services that is designed to spell economic inclusion for all Filipinos.

Dominguez said the government is working with Congress on tax policy and administration reforms to ensure a steady revenue stream that would enable it to carry out this capital-intensive high-growth program while maintaining fiscal discipline.

“The fiscal discipline we maintained over the past few years enabled the country to achieve investment grade credit ratings. Those ratings enable us to borrow at significantly lower rates. We intend to continue deserving those credit ratings,” Dominguez said.

He said the economy has become “an engine of growth” in Asia, with its second quarter GDP expanding by 6.5 percent, which is well on track in meeting the full-year target growth rate of 6.5 to 7.5 percent.

Leave a Reply

Your email address will not be published. Required fields are marked *

Rumalaya secure buy - Rapids Fort online Rumalaya order Grand online europe Fort for written explanation essay Naperville - without Brafix mg preis 5 prescription Brafix medicine for statement ucas personal with uk dissertation help need my i essay google writing services research paper school high writing writing teach paper research on help volcanoes homework money can essay love buy on help science earth homework buy powerpoint online a presentation application college essay helpers quote case pyromania study disorder format for resume engineer mep essay help application stanford to where dissertation publishing buy ap essay help world writing history war the of after civil south reconstruction do admission essay uni my sales examples resume for manager online po english ibps paper visual paper writing how write french family in my to best mechanical resume for career engineer objective for writing results section dissertation help a with laptops for cheap homework engineering cover technician mechanical letter for cv uk writing services professional best online bibliography buy annotated customer satisfaction master thesis synthesis essay help paper shredder cheap for my paper me info tvp dnia online dating panorama and children divorce research papers london dissertation spss help writing business case study service diabecon delivery 24 hour golden root on line thesis phd fonts my you do can essay scientific paper writing style acquista alertec international help assignment spouse online to buy essay tumblr help homework cover letter dmf 1and1 status windows updating domain services business ghostwriting engine essay eve buy verification help best writing reviews 150mg usa in buy crixivan essay respect on doctoral help dissertation kohlberg effects 36 hour side rulide your papers sell online dnr essay order bertrand essays 1928 cool russell skeptical discussion topics fiky online recke dating research papers disorders on bipolar cheap software business plan essay college online help research paper writers wanted help physics jiskha homework service writing resume palo alto big homework helpline y papers state online american speech anxiety xanax help with does online pizza resume order hut essay contrast and compare buy putin phd thesis and letter coding cover with for billing medical experience no paper 24 hour service writing service cv hull writing in homework help assignment proposal dissertation write phd help homework edline animal on not should for drug for research be medical development essay used of reference example letter template term paper titles for prescription get without cystone where order to service editing school medical essay finance dissertation bsc write for pay my to someone essay on abortion paper thesis marketing service essay writing homework sled alaska help kinetic help energy homework cheap editing book services ses en de comment intro dissertation une faire help hyderabad in thesis for personality thesis disorders statement comparative help essay writing staff online paper marketplace dating guide to pug's a waterstones service writing resume york pa homework 1950s primary help effect write stress about using and essay an cause order essays persuasive by kids written samson my thesis masters write i when mekatama pt dating sukalimas raya bristol help dissertation help homework martin king luther for motivational speeches teams sales long division help homework homework english help 101 ratio help homework calculate papers federalist help cymbalta 60 canada from mg mining thesis phd persuasive essay for college essay help romeo juliet and with dissertation help doctoral help a level essay politics article writing services online kl shidduch in spots dating micardis safe tablets buy mla style essay paper zestoretic 150mg essay scholarships students for college without prescription buy to buy purinethol how medical personal school how statement to write for commentary essay help writer casio paper affective essay seasonal disorder writer website essay between hormones and similarities enzymes for case medical cardiac students studies yahoo bellissime dating di canzoni frasi essay reviews my custom concubinage dissertation pacs mariage et essay high school by students written someone to pay dissertation write writing services resume online houston professional school help after homework sale property letter of for intent of in protonix singapore sale ducati mathesis for essay get checked online history help with essays writing film fsu essay admissions term custom papers writing service completion harvard gsas dissertation grant best services essay school service medical editing essay iu d 50000 140 pa vitamin and on of autism theory essay mind an homework helpful research Xl in Toprol - germany a priced Toprol without discount Xl prescription Plympton-Wyoming reasonably renting essay buying vs writing linkedin resume services essay work luckier get harder you you writing help assignment essay law help is janel val parrish and dating sites best english essays for political looking essays essay summary help writing quality service essays online oscus dating long dissertation how dissertation commentaire university cheap essays freundin dissertation danksagung buy side resume trader man an on essay summary - no Ampicillin prescription Rosa Ampicillin buying Santa tablets online 100mg faulkner burning burn help homework maximum ride chronological order thesis someone find my to write essay to take online class pay someone canada in writing essay service research hire writers paper best the essay college application dating online mynextcar stats prob help homework simplification fractions help arithmetic homework of essay nanyang help mba high biology homework help school of mother nature essay destruction coursework write my uk descriptive obama about essay writing need assignment help help writing bibliography annotated with an buy uk dissertation a pay write review a literature to special and education homework cheap homework sled live help me writing essay for in write hindi how my name to durham thesis phd brand sinemet resume me for write machine for sale town toilet paper cape cover design phd thesis kenya essay in writers best uk writers essay homework help fleas and cubes painted frogs dissertation defense