World Bank President: no doubt Philippines is the next Asian Miracle

World Bank President Jim Yong Kim lauds President Aquino’s way of improving the country’s economy. “Each of those things you’re doing are not only the right thing to do but they’re laying the foundations for your economic growth in the future.”

“And we are absolutely certain that the impact of your administration will be felt far beyond the six years that you have as President.”

With the posture of Philippine economy, the World Bank President dubbed, without a doubt, Philippines as the next ‘Asian miracle’. Adding that President Aquino should take much of the credit for the economy’s turnaround through his anti-corruption campaign and efforts to build transparency in government and focus on inclusive growth.

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President Benigno S. Aquino III together with Defense Secretary Voltaire Gazmin tour and inspect Exhibit area during the Opening Ceremony of the Asian Defense,Security, and Crisis Management Exhibition and Conference held at World Trade Center in Pasay City on Thursday July 17, 2014, – Malacanang Photo Bureau

Jim Yong Kim emphasized that fighting corruption is one of the most effective way of improving a country’s economy, and “that is one of things that the [current Philippine] government is doing – frankly better than any government in the world.”

“Around the world, the spread of information technology is converging with grassroots movements for transparency, accountability and citizen empowerment. Under your leadership, President Aquino, the Philippines is absolutely at the forefront of this transformation.”

“So I will just say again maintain these reforms, continue on the path that you’re on, and I think the future is very bright for the Philippines,” Kim said.

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