Fiscal Policy and Multilateral Cooperation: Challenges andOpportunities for Philippine Connectivity
DOI:
https://doi.org/10.64423/arpa.v32i2.14Keywords:
Fiscal Policy, Multilateral Cooperation, Infrastructure Financing, Public-Private Partnerships, Debt ManagementAbstract
The Asia-Pacific’s connectivity ambitions highlight the need for sound fiscal policies to address infrastructure gaps and ensure sustainable development. This study explores how the Philippines can optimize access to multilateral funding from the AIIB and ADB by leveraging fiscal strategies like debt management, public-private partnerships, and budgetary reforms. It examines challenges such as limited fiscal space, governance issues, and geopolitical dynamics while advocating for fiscal transparency, improved project evaluation, and institutional capacity-building. By aligning national policies with regional priorities, the Philippines can strengthen multilateral cooperation, advance sustainable infrastructure investments, and contribute to inclusive economic growth and regional integration.
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