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Philippines announces “Dutertenomics” strategy

The Philippine government on April 18 announced a new development strategy called “Dutertenomics”, aiming to make breakthroughs in developing infrastructure.
Philippines announces “Dutertenomics” strategy ảnh 1The forum held on April 18 (Photo: philstar.com)
 

Hanoi (VNA) – ThePhilippine government on April 18 announced a new development strategy called“Dutertenomics”, aiming to make breakthroughs in developing infrastructure.

Poor infrastructure is debilitatingthe economy of the Philippines, said Minister of Finance Carlos Dominguez at a forum held in Manila onApril 18.

He also stressed that thePhilippines neglected its infrastructure in the past decade while other countriesrapidly built theirs.

At the forum, six governmentalagencies related to infrastructure agreed on the “Dutertenomics” programme whichincludes the participation of the departmentsof finance, budget, transportation, public works and economic development.

The “Dutertenomics” strategy,named after President Rodrigo Duterte, also eyes reducing the poverty rate to14 percent by 2020 from 21.6 percent in 2015 by creating jobs and investing inhuman resources.

The country’s administration willroll out some 55 projects by 2020 to achieve sustainable development goals,according to Philippine media.-VNA  

VNA
#Dutertenomics #development strategy #Rodrigo Duterte Philippines
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