Policies: A retrospective and forward look on how to create more and better jobs
With solid macroeconomic fundamentals and significant fiscal space in place, the Philippines can now accelerate the reforms needed to achieve more inclusive growth to reduce poverty and boost shared prosperity. Trends in recent years point to the beginnings of a more inclusive growth pattern, which needs to be sustained over a longer period before the poor can feel the impact of higher growth and better governance in their daily lives. In the last six years, the government preserved macroeconomic stability, promoted transparency, and directed the growing fiscal space towards pro-poor infrastructure and social services.