Economic Development

For the past decade, Australia has actively supported the development of infrastructure necessary to propel the Philippine economy higher. In collaboration with the Asian Development Bank, the Canadian government, and the Philippine Public Private Partnership Center, Australia has contributed to the development of tenders and the competitive procurement processes for major transport and social infrastructure public-private partnership projects that are then built by the private sector.

The Mactan Cebu International Airport Passenger Terminal Building commenced operation in June 2018. (Source: Philippines PPP Center)

Australia invests in women not only because it’s the right thing to do, but it’s also the smart thing to do. The multi-country Investing in Women program catalyses inclusive economic growth through women’s economic empowerment in the Philippines, Indonesia, Vietnam, and Myanmar. Through new and innovative approaches, Australia has supported Filipina entrepreneurs sustain or expand their women-owned or women-led business operations even in this time of pandemic.

Bukidnon Pharmaceutical Multipurpose Cooperative continues to provide services despite COVID-19. (Source: Investing in Women/C4D Partners)

Australia promotes the efficient and effective use of Philippine government resources to spur economic development. Strengthening public financial management processes, such as budget planning, procurement, and budget execution of national and local government agencies have improved spending of their allocated budgets. By sharing our expertise and experience on diverse issues such as financial reporting and accounting, citizen participatory audits, and asset maintenance, Australia helps Philippine agencies to deliver better government services to the public.

Philippine Coast Guard training on marine vessel maintenance.  
(Source: Public Financial Management for Infrastructure)

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