World Bank lauds PNoy performance

 

WB president Jim Yong Kim and Pres. Benigno Aquino.

WB president Jim Yong Kim and Pres. Benigno Aquino.

President Benigno Aquino’s (PNoy) trust and approval ratings have taken a dive and is now at its lowest according to Pulse Asia who made the survey that covered the period when the administration’s Disbursement Acceleration Program (DAP) was declared as partially unconstitutional by the Supreme Court.

No amount of criticism directed at the Supreme Court (SC) for unanimously declaring several acts under the DAP as unconstitutional, despite admitting the DAP’s usefulness, and no amount of explaining to the public his logic of using in good faith the DAP for government projects will ever reverse the poll ratings, despite the DAP’s expediencies.

But, surely, no one can say that Aquino is not doing well in leading this country and administering the reforms needed to move this country forward, even with the recent setback handed him by the SC.

Almost always we get so carried away with politics that it renders us incapable of not seeing anymore the forest for the trees.

People fail to see the bigger accomplishment of the Aquino administration that he started only in 2010 after the mismanagement and corrupt practices of the Estrada and Arroyo administrations that left this nation not only in economic doldrums, but wanting in honor and dignity worthy of respect from the world community.

The opposition and the militant groups may not be seeing the decisive steps – all done in good faith –  that Aquino is doing in moving this country forward to make better future for the country and the Filipinos.

Regardless, what is promising and reassuring today is that it has taken an outsider and a leader of a big and important global organization to notice, appreciate and recognize the admirable work that Aquino has done for the country.

No less than the World Bank (WB) president Jim Yong Kim described the Philippines as the next “Asian miracle” and a global model in fighting corruption, as it emerges from decades of being the ‘sick man of Asia.’

Kim lauded PNoy, saying, “President Aquino should take much of the credit for the turnaround, highlighting his anti-corruption campaign, efforts to build transparency in government and focus on “inclusive growth”.”

Kim was upbeat about the Philippine economy. He said that while the bank downgraded the forecast for overall global growth from 3.2 percent to 2.8 percent, it did not do so for the Philippines.

Barring more natural calamities, the WB expects the Philippines’ economy to grow by 6.6 percent this year, maintaining its status as one of the fastest growing in Asia.

The WB said that it and its private sector arm have committed concessional loans of up to $4.2 billion to the Philippines to help the country reduce poverty, create jobs and sustain growth as it recovers from the impact of a devastating typhoon and separatist rebellion.

Hopefully, the DAP controversy will die down, but will continue to be applied where it is badly needed like in hospitals, schools, health care, and the likes.

 

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