Tag: World Bank

Heightening China-PH economic relations: friends with benefits?

November 19, 2018

by Rosario Bella Guzman There is a growing concern about the phenomenal increase of Chinese capital flowing into the Philippine economy. China has recently overtaken the US in terms of foreign direct investment (FDI) inflows and trade. In the first semester of 2018, FDI from China amounted to US$175 million as compared with Japan’s US$154 […]

Aid for profit undermines development

December 5, 2016

Official development aid (ODA) is increasingly becoming a tool to support private profits rather than people-centered development. This indicates the persistence of the neoliberal ways that prevent aid from meaningfully contributing to national development. The Second High-Level Meeting of the Global Partnership for Effective Development Cooperation (GPEDC) recently held in Nairobi, Kenya, concluded with a […]

Marcos ensured US-directed IMF/WB intervention in PH policy making

November 25, 2016

    “The rule of Nacionalista Party’s Ferdinand E. Marcos which began in 1965 was strong on nationalist and patriotic rhetoric. Yet Pres. Marcos was by no means a nationalist if ‘nation’ is understood as the majority of Filipinos and ‘nationalism’ as upholding their interests and asserting Filipino sovereignty over foreign powers. “Most anti-nationalist president. […]

World Bank tax help unwelcome

September 20, 2016

Research group IBON said that the World Bank’s recent offer to assist the Department of Finance (DOF) with its tax reform plan, although not surprising, is unwelcome news. The World Bank with twin global financial pillar International Monetary Fund (IMF) has long been at the forefront of designing the Philippines’ regressive tax system, including providing […]

Path not to take: The exclusionary and elitist Daang Matuwid

May 8, 2016

#BeyondElections2016 | The Aquino administration’s long-playing call to sustain its so-called legacy of a fast-growing economy driven by “good governance” resonated in the “ituloy ang Daang Matuwid” electoral campaign. That the elections are just a day away and that the term of Pres. Benigno S. Aquino III is nearing its end are opportune moments to review […]

Anyare? Economic decline since Marcos

May 5, 2016

By Sonny Africa IBON Features | #BeyondElections2016 | The Marcos dictatorship started the Philippines on a path of economic decline that remains until today. This has already had the worst consequences for tens of millions of Filipinos across two generations. Unless corrected, it will burden generations to come. The Philippine economy’s decline since the 1980s […]

Aquino gov’t borrowing billions for failed anti-poverty program

March 22, 2016

#BeyondElections2016 | The Aquino administration is borrowing more for an anti-poverty program of dubious anti-poverty impact, said research group IBON. Despite billions of pesos spent on the Pantawid Pamilyang Pilipino Program (4Ps) since 2011, poverty remains widespread and the program is failing even on its health-related conditionalities. The Asian Development Bank (ADB) and World Bank in […]

“No home birthing” policy: burden to Filipino mothers

March 8, 2016

A mother in the town of Mansalay, Oriental Mindoro who belongs to the Mangyan tribe recalled how her husband had to pay a penalty at the municipal hall so that he could get their child’s registration of live birth. Meanwhile, another mother in the hinterlands of Eastern Samar had to borrow money to rent a house for […]