Country Governance Assessment - Philippines
Asian Development Bank | December 2005
Independence from Spain on June 12,1898 marked the beginning of a period of transition for Philippines, as it sought to develop the democratic institutions and civil processes that were consistent with a market-driven economy. Faced with a decline in national income, increasing poverty, and high levels of unemployment, the Government has made significant progress in putting in place the framework and strategies for the broad-based growth that is required for job creation and a reduction in overall poverty levels.
CitationAsian Development Bank. 2005. Country Governance Assessment - Philippines. © Asian Development Bank. http://hdl.handle.net/11540/6353.
Corporate Governance Reform
Public Sector Projects
Public Sector Reform
Transparency in government
Government spending policy
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Asian Development Bank (Asian Development Bank, 2003-12-01)The study revealed a range of issues that need attention if accountancy is to maintain its high status in the Philippines and if the Philippines is to successfully attract investment. In the case of accounting and auditing standards and practices, the study identifies deficiencies in the standards and in standard-setting arrangements. In addition, the quality of financial reporting is undermined by ...The study revealed a range of issues that need attention if accountancy is to maintain its high status in the Philippines and if the Philippines is to successfully attract investment. In the case of accounting and auditing standards and practices, the ...