Sub-Saharan Africa. Central America. Monetary and Financial Sector. Precious Metals. Region Reports. Country Reports. Annual Subscriptions. A wave of Covid cases that began in July forced a gradual tightening of restrictions that culminated in a two-week lockdown of the capital in August. The manufacturing PMI averaged lower in Q3 compared to Q2, on the back of supply chain disruptions and faltering output. Ronald U.
Source: Asian Development Outlook. How does one of the fastest growing economies in Asia falter? It would be too simplistic to blame this all on the pandemic. It is built around the mobility of people, yet tourism, services, and remittances-fed growth are all vulnerable to pandemic-induced lockdowns and consumer confidence decline. International travel plunged, tourism came to a grinding halt, and domestic lockdowns and mobility restrictions crippled the retail sector, restaurants, and hospitality industry.
Second, pandemic handling was also problematic. Lockdown is useful if it buys a country time to strengthen health systems and test-trace-treat systems. These are the building blocks of more efficient containment of the disease. However, if a country fails to strengthen these systems, then it squanders the time that lockdown affords it.
Also, 4Ps beneficiaries also maintained a higher likelihood of seeking health care service for their children, even during the COVID pandemic. Beneficiary FIRST is helping the government harness digital tools to modernize social protection delivery. As part of the continuing effort for digital delivery of social protection, 4Ps beneficiaries will be among the first to adopt the national ID in its program delivery. The poorest communities have benefited from projects that address their priority needs through a community-driven development approach.
It funded a total of 31, community sub-projects, all of which have been completed. Around The Project supported 2, community sub-projects in response to the pandemic, benefiting around , households. It has awarded contracts to ensure long-term maintenance of these roads. This is combined with technical assistance to help enhance the capacity of national and local governments in preparing disaster recovery plans and developing strategies to finance recovery efforts.
With its global expertise in post-disaster reconstruction , the Bank has been working with the government in helping develop effective disaster recovery programs and building back better infrastructure and communities. The Ready to Rebuild program was launched to train communities to be more prepared — to build a culture of preparedness to help local governments and communities anticipate the impacts of disasters and prepare recovery plans even before disasters hit.
Supported by a range of development partners, the Mindanao Trust Fund MTF aims to improve prospects for peace and development in conflict-affected areas in Mindanao. Its design and implementation was done in close coordination and collaboration with the regional ministries. The series of Reconstruction and Development Projects RDP , funded by the MTF, has improved social and economic recovery, promoted social cohesion and participatory governance through a community driven development approach in conflict-affected areas of the Bangsamoro Autonomous Region of Muslim Mindanao.
The projects also ensured the inclusion of Indigenous Peoples, women, persons with disabilities, and youth. More communities in the region now have better access to clean water, better roads, more post-harvest facilities, including farming and fishing equipment. The second phase centered on six combatant camps delivered strong results with over 45, beneficiaries, through 31 completed sub-projects.
These facilities provide communities in geographically isolated areas the necessary medical care and services such as isolation facilities, and in the longer term also birthing room, midwife station, small pharmacy, and basic medical equipment.
The national government has launched a crackdown on crime and illegal drugs that has drawn criticism from both the international community and human rights groups for violating civil liberties and led to the opening of an investigation by the International Criminal Court in into whether the campaign constitutes a crime against humanity.
Terrorist groups occasionally attack civilian targets, kidnap civilians — including foreigners — for ransom, and engage in armed attacks against government security forces. These groups have typically carried out their activities in the western and central regions of Mindanao, including the Sulu Archipelago and Sulu Sea.
The national government is attempting to end one of the longest-running militant insurgencies in Southeast Asia through a peace process with the Moro Islamic Liberation Front MILF which resulted in the creation of the Bangsamoro Autonomous Region in Muslim Mindanao in In , the Philippines ranked as the 30th largest export destination for U.
The U. The top two import sources of the Philippines were China and Japan, with The United States was a very close second to Japan as an export market of the Philippines, with Japan accounted for Philippines - Country Commercial Guide. Market Overview. Last published date:
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