May 27, 2009
The impact of the global financial crisis on East Asia has constrained private infrastructure sector financing, but at the same time highlighted the need for governments to develop strong, robust pipelines of infrastructure projects.
Paul Reddel, PPIAF's Regional Program Leader in East Asia & Pacific, gave a presentation in Manila to the American Foreign Chambers of Commerce of the Philippines on "Infrastructure & Public-Private Partnerships in East Asia and the Philippines."
The Philippines has lagged in many regional infrastructure comparisons, with a high quality telecommunications sector offset by below average electricity supply, roads, railroads, ports and air transport.
The Foreign Chambers of Commerce has been keen to promote effective approaches for the government to engage with the private sector around improving these vital infrastructure sectors. PPPs have a had a long and varied history in the Philippines but there has been a clear recognition that the private sector has an important part in the overall development, investment and operation of much needed infrastructure.
The Foreign Chambers has been a strong supporter of continued reforms and investment in the infrastructure sector in the Philippines, realizing the vital link between infrastructure and growth. It has involved in the process the American, Australian-New Zealand (joint), Canadian, European, Japanese and Korean chambers, as well as PAMURI (Philippine Association of Multinational Regional Headquarters).