President Rodrigo Duterte’s administration has made tackling the country’s infrastructure deficit a major priority. The fourth item on the President’s 10-point Socio-Economic Agenda calls for boosting annual infrastructure spending to account for 5% of GDP, “with Public-Private Partnerships (PPPs) playing a key role”. In addition to this explicit support of PPPs, several of the Agenda’s other objectives – increasing competitiveness and the ease of doing business, supporting rural development, investing in health and education, and promoting science and technology to enhance innovation – require infrastructure improvements in order to be realized. Overall, government spending on infrastructure is estimated to be USD 163 billion through 2022, with PPPs playing a key role. This planned spending is in addition to the USD 6.24 billion worth of PPP projects already awarded.
Source: Nomura Journal of Asian Capital Markets, Spring 2017
The Spring 2017 issue of Nomura Journal of Asian Capital Markets features research articles on infrastructure finance, discussing the current situation, challenges, and future outlook in the region, especially policy issues regarding PPP and the utilization of capital markets.
The Nomura Journal of Asian Capital Markets is a biannual journal of Nomura Foundation featuring articles on the current status and developing issues in capital markets in Asian countries written by market practitioners and academics in those countries and experts from Nomura Institute of Capital Markets Research.
