PHILIPPINES: Philippine Development Plan 2017-2022
The National Economic and Development Authority (NEDA) Board officially approved the Philippine Development Plan 2017-2022 on February 20, 2017 at Malacanan Palace. The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on a national long-term vision, or AmBisyon Natin 2040, which represents the collective vision and aspirations of Filipinos for themselves and for the country. The PDP also takes off from the Administration’s 0-10 point Socioeconomic Agenda and is informed by inputs from the cross-section of stakeholders and the general public. The Plan aims to provide a solid foundation for inclusive growth, a high-trust society, and a globally-competitive knowledge economy. It contains seven main parts, which include an overview of the economy, development challenges that lie ahead, and development strategies thoroughly articulated through chapters on Enhancing the Social Fabric, Inequality-Reducing Transformation, Increasing Growth Potential, Enabling and Supportive Economic Environment, and Foundations for Inclusive and Sustainable Development.