President Ferdinand Marcos Jr. has urged members of the diplomatic community to work with his administration in achieving its Philippine Development Plan 2023-2028. | DYGalvezINQ
The president said post-COVID realities demand recalibrating strategies and focusing on urgent concerns that would really matter to the people – food security, job generation, poverty reduction, and managing inflation.
According to Marcos, a big part of this strategy is drawing investments in key economic sectors, including agriculture, renewable energy, and infrastructure, and ensuring that opportunities and investment leads and pledges translate into actual projects. He touted the country’s gross domestic product , which stood at 7.7% in the third quarter of 2022, which is way better than the 5.7% growth in the same period in 2021.“Our growth assumptions remain reasonably ambitious. We are looking to the same growth rate– that of 2022 and between 6 to 7 percent for this year,” Marcos said.“With the current growth momentum, the Philippines is poised to reach upper middle-income status very soon,” he noted.
He said the Association of Southeast Asian Nations continues to be a cornerstone of Philippine foreign policy, adding that his administration’s aim is to elevate relations with the country’s bilateral and multilateral partners.
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