Sustained infrastructure development can raise the Philippines’ annual economic growth rate “to well above 5% over the medium term”, senior officials of the International Monetary Fund (IMF) said in a webcast on Friday from Tokyo, Japan which is hosting the annual IMF-World Bank meeting for this year. Noting that current government efforts have been “focused on infrastructure to raise potential growth”, Mr. Singh said, “certainly, we see the potential for the Philippines to raise its growth rate to well above 5% over the medium term.” Read More
