Ernesto Pernia, secretary of socioeconomic planning for the Philippines
The Philippines’ Build Build Build infrastructure drive is one of the most ambitious in the region: 75 priority projects, more than 4,000 others under assessment, and costs approaching $200 billion.
Getting it under way successfully may transform the country’s approach to investment and markets.
Ernesto Pernia, the former Asian Development Bank (ADB) economist who now serves as secretary of socioeconomic planning for the Philippines, says that the average spending on infrastructure has gone from 2.6%
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