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Philippines

Philippines pioneers approach to monitor and evaluate the national financial inclusion strategy

Helen Luskin Gradstein's picture



National financial inclusion targets, better data availability, and transformative business models to provide financial services are helping to accelerate financial inclusion across the globe and in Asia – where more than a billion of unbanked people live.

Countries set national financial inclusion goals to increase the pace and impact of reforms. For this to be effective, it’s critical to have in place a robust monitoring and evaluation (M&E) system to track progress, identify obstacles, and demonstrate success.  However, it’s often difficult to evaluate and track the extent and quality of the national financial inclusion strategy implementation, and to aggregate the results of multiple actions at the national level.

The Philippines has adopted a fresh approach to this challenge by designing a comprehensive M&E system that will report on headline and national-level indicators, as well as track progress of the regional and program-level performance indicators.

The Philippines is one of the 25 countries that are part of the World Bank Group’s Universal Financial Access 2020 initiative, whose goal is to provide access to a transaction account to the 2 billion unbanked people worldwide.

Between 2011 and 2014, the Philippines improved access to bank accounts by 4 percentage points. This resulted in some 2.7 million adults gaining access to formal financial services. Potential demand is significant, considering that an estimated 10 million Filipinos keep savings outside of the formal financial system.

3 ways countries can improve water supplies in small towns

Fadel Ndaw's picture

Also available in: Français

A public faucet that serves 1,000 families in
el Alto, Bolivia.
Photo credit: Stephan Bachenheimer / World Bank

Small towns* typically have not been well served by national or regional water utilities. Decentralization has become increasingly widely adopted, but even if local governments at the small town level have the power to operate a water utility, they often lack the capital and skills to do so. In response, some local governments and public institutions concentrate improvements on upgrading public utilities’ operations or strengthening community based management. In other cases, they choose to bring in the private sector knowledge of how to get clean water and sanitation services to more people more efficiently, affordably or sustainably. There is no one solution to addressing often very complex water and sanitation challenges.

There are many ways in which the public sector can leverage its own resources through partnering with the private sector. For the domestic private sector to fully realize its potential at scale in the small town sub-sector, we found they need capable and enabled public institutions to structure the market and regulate private operators.

Lessons learned from case study countries (Colombia, Bangladesh, Philippines, Uganda, Cambodia, Niger and Senegal) in a new global study published by the Water Global Practice’s Water and Sanitation Program suggest the following three key ways to support public institutions in order to build a conducive business climate for market players in small towns Water Supply and Sanitation (WSS) service delivery:

Can social protection play a role in reducing childhood violence?

Matthew H. Morton's picture
Photo: Scott Wallace / World Bank

As many as one billion children under the age of 18 experience some form of violence every year. This exposure is not only a violation of child rights; it can also hamper children’s cognitive development, mental health, educational achievement, and long-term labor market prospects.

Meanwhile, an estimated 1.9 billion people in 136 countries benefit from some type of social safety net, such as cash transfers and public works that target the poor and vulnerable—presenting a vast policy instrument with potential to help prevent childhood violence.

Renewables, solar, and large size projects trending in new data on private participation in infrastructure

Clive Harris's picture



Translations available in Chinese and Spanish.

Many of you are already familiar with the PPP (Public-Private Partnerships) Group’s Private Participation in Infrastructure (PPI) Database. As a reminder for those who aren’t, the PPI Database is a comprehensive resource of over 8,000 projects with private participation across 139 low- and middle-income economies from the period of 1990-2015, in the water, energy, transport and telecoms sectors.

We recently released the 2015 full year data showing that global private infrastructure investment remains steady when compared to the previous year (US$111.6 billion compared with US$111.7 the previous year), largely due to a couple of mega-deals in Turkey (including Istanbul’s $35.6 billion IGA Airport (which includes a $29.1 billion concession fee to the government). When compared to the previous five-year average, however, global private infrastructure investment in 2015 was 10 percent lower, mainly due to dwindling commitments in China, Brazil, and India. Brazil in particular saw only $4.5 billion in investments, sharply declining from $47.2 billion in 2014 and reversing a trend of growing investments over the last five years.

Hear our voice: Young people in the Philippines want more from their leaders

Mark Raygan Garcia's picture
Scroll through social media in the Philippines, and you’ll get the feel of how young people have transformed digital spaces into a microcosm of what the Philippines should or should not be. If only their ideas and fervor in cyberspace could be translated to engaged participation on the ground, the light at the end of the tunnel would be brighter.
 
“So what now after the May 2016 elections?”
 
We asked this question at an event for the Knowledge for Development Community (KDC) network a few months before the May 9 national and local elections. The KDC was formed by the World Bank office in Manila in 2002 to promote knowledge sharing of development issues. It’s a network composed of 19 universities, non-government organizations and think tanks across the country. We turned to the largest segment in our network – students – and asked: “What do you want from your next leaders?”
 
Spearheaded by Silliman University based in the Visayas in Central Philippines, the KDC organized youth discussions in three cities in each of the major island groups: Luzon, Visayas and Mindanao. St. Paul University Philippines handled the discussions in Tuguegarao in Luzon, Silliman University for Dumaguete, and the Western Mindanao State University for Zamboanga based in Mindanao. The project involved 30 youth representatives in each city: 15 in-school and 15 out-of-school. Its composition was not just sensitive to, but also affirmed, the equal value of the out-of-school youth in development processes.

Drones for better roads: Pointers from the Philippines

Kai Kaiser's picture
Local leaders have turned to OpenStreetMaps (OSM), and use targeted drone tracking to document road needs and investment progress.  Photo: Kai Kaiser

Amazon is promising to deliver goods with drones. Seeing these prospective innovations in airborne delivery, we’ll be forgiven for thinking that bad roads will increasingly be secondary concerns.

But the reality is that “last mile” road access will continue to be a major and costly development challenge for years to come. “Last mile" access refers to road to final destinations, whether communities, crops, markets, schools or clinics. These are typically provincial, city-municipal and barangay (village) roads in the Philippines.

Often the responsibility of local governments, these roads determine the ease and cost by which people and goods can get to final destinations. Communities across the globe face poor road access, depriving them of economic and social opportunities, whether bringing produce to markets, getting kids to school, or mothers to clinics. Billions of dollars continue to be spent on last mile road access, but often with very poor results.

Can drone technology make a difference?

Weighing the benefits of senior high school in the Philippines

Harry A. Patrinos's picture
Students walk by a school offering senior high school levels. Photo Credit: Samer Al-Samarrai /World Bank
In June 2016, approximately 1.5 million children across the Philippines will walk through school gates for the first time to attend senior high school. The Department of Education has been gearing up for this moment for several years. The basic education curriculum, from kindergarten to senior high – grades 11 and 12 – has been thoroughly reviewed and efforts are in full swing to ensure that the 60,000 additional teachers and classrooms are in place when schools open in the new school year.

No movie, no map, no money: Local road financing innovations in the Philippines

Kai Kaiser's picture
Access to paradise? Photo by authors.

GoPro videos have become ubiquitous among mountain bikers. The more adventurous the journey the better. Go viral on social media, and you have a winner. You might even get a payout from YouTube. But we want to discuss another way to make money. Money for local roads in the Philippines. We want to discuss a way that officials and citizens could make a GoPro-type movie, convert it into a digital map, and possibly receive a payout from the Department of Budget and Management under a new program called Kalsada.
 
It’s More Fun in The Philippines!
 
The Philippines is a tropical archipelago of over seven thousand islands, making for many jewel destinations. The country’s tourism slogan “It’s More Fun in the Philippines” tries to capture the spirit of a friendly, welcoming and fun-loving people which the adventurous tourist will experience. Palawan was recently voted as the planet’s best island destination by a top travel magazine. In search of fun, we tried to visit one of its towns, Port Barton, two years ago. But chronic infrastructure means that sometimes you are in for a rough ride. Confronted with bad roads, we were only able to actually make it to this idyllic destination many months later.

How to scale up financial inclusion in ASEAN countries

José de Luna-Martínez's picture
MYR busy market

Globally, around 2 billion people do not use formal financial services. In Southeast Asia, there are 264 million adults who are still “unbanked”; many of them save their money under the mattress and borrow from so-called “loan sharks”, paying exorbitant interest rates on a daily or weekly basis. Recognizing the importance of financial inclusion for economic development, the leaders of the Association of South East Asian Nations (ASEAN) have made this one of their top priorities for the next five years.
 
Last week, the World Bank Group presented the latest data on financial inclusion in ASEAN to senior representatives of the ministries of finance and central banks of all 10 ASEAN member countries (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam). The session, held in Kuala Lumpur, is one of the joint activities the new World Bank Research and Knowledge Hub and Malaysia is undertaking to support financial inclusion around the world.
 

How can rapidly aging East Asia sustain its economic dynamism?

Axel van Trotsenburg's picture
Panos Agency


In the last three decades, East Asia has reaped the demographic dividend. An abundant and growing labor force powered almost one-third of the region’s per capita income growth from the 1960s to the 1990s, making it the world’s growth engine.
 
Now, East Asia is facing the challenges posed by another demographic trend: rapid aging. A new World Bank report finds that East Asia and Pacific is aging faster – and on a larger scale – than any other region in history.
 
More than 211 million people ages 65 and over live in East Asia and Pacific, accounting for 36 percent of the global population in that age group. By 2040, East Asia’s older population will more than double, to 479 million, and the working-age population will shrink by 10 percent to 15 percent in countries such as Korea, China, and Thailand.
 
Across the region, as the working-age population declines and the pace of aging accelerates, policy makers are concerned with the potential impact of aging on economic growth and rising demand for public spending on health, pension and long-term care systems.
 
As the region ages rapidly, how do governments, employers and households ensure that hard-working people live healthy and productive lives in old age? How do societies in East Asia and Pacific promote productive aging and become more inclusive?
 


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