a Symposium on Financing for Development (FfD) in the Philippines

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Dear Friends,

Social Watch Philippines (SWP), in cooperation with KAAKBAY, Liberal Party’s National Institute for Policy Studies (NIPS), Friedrich Naumann Foundation (FNF), and CODE: Reforms for Economic Development (RED) Inc., will be holding a Symposium on Financing for Development (FfD) in the Philippines on September 16, Thursday, from 12:30nn to 5:30pm at the Case Room of the National College of Public Administration at the University of the Philippines in Diliman, Quezon City.

We are inviting you to attend and participate in the symposium. The symposium is open to the public and registration is free.

During the symposium, limited copies of the book, Public Finance or Penance for the Poor: Financing for Development published by Social Watch Philippines with the support of UNDP and NEDA will be distributed to select participants.

The Philippines is one of the signatories to the International Conference of Financing for Development or FfD, known as the Monterrey Consensus. Specifically, the consensus was mobilizing resources for the achievement of the Millennium Development Goals (MDGs), which consist of eight core goals, namely wiping out poverty and hunger, achieving universal primary education, promoting gender equality, reducing child mortality, improving maternal health combating HIV/AIDS, malaria and other diseases, ensuring environmental sustainability, and fostering global partnerships for development. Each goal has specific time-bound targets, most by 2015.

In 2002, a Philippine Institute for Development Studies (PIDS) published a study estimating the available and required resources to achieve the MDG targets on a yearly basis until 2015. For 2007 to 2010, the financing gap was estimated between Php 350 billion to Php 447 billion. Several government, civil society, NGOs and private sector studies reveal difficulties and hurdles in mobilizing resources to achieve these MDG targets: bad governance and inappropriate economic policies perpetuated a massive outflow of resources through debt payments and corruption, leaving little for development purposes. Today, the financial crisis gripping the world as well as the expected global economic slowdown will definitely put a strain on mobilizing domestic resources.

As stated, Social Watch Philippines has published a book that puts forward policy recommendations on the five themes of FfD: mobilizing domestic resources, foreign direct investments, trade, Official Development Assistance (ODA) and debt. In addition to the FfD themes, the book also includes the analysis of the remittances of overseas workers as sources of financing for development.

As a contribution to the shaping of the legislative agenda and pushing for policy reforms to the newly installed government, Social Watch Philippines together with KAAKBAY, Liberal Party’s National Institute for Policy Studies and Code: RED (Reforms for Economic Development) saw the importance of sharing the analysis and policy recommendations on financing for development among key stakeholders to include concerned government agencies, legislators, citizens’ groups, development agencies, private business sector, academe and media. Thus, the symposium on September 16.

The symposium is undertaken to help contribute to the development of the agenda of present government towards policy reforms, and to share views and analysis of citizens’ groups on financing for development.

This symposium will serve as venue to exchange policy reform proposals among key government officials; legislators and citizens’ groups.

We hope you could attend the symposium and grace us with your presence.

Confirmation, queries and other details may be directed to the Symposium Secretariat c/o KAAKBAY thru Mr. Nonie Jeruta at Telephone number 2195493, and Mobile numbers 0928-207480 and 0917-9337572.

Thank you and my best regards.

Very sincerely,

LEONOR MAGTOLIS BRIONES
Lead Convenor
Social Watch Philippines

PROGRAMME

12:30nn – 1:00 PM Registration

1:00 – 1:10 Welcome Address
H.E. Ambassador, Stephen Lilie, British Embassy Manila

Ms. Patricia S. Alvendia, President, CODE: Reforms for Economic Development (RED) Inc.

1:10 – 1:20 Purpose and Value of the Symposium • Expected Outcomes of the Symposium • Administrative Guidelines
Engr. Alain Del Pascua, Executive Director, KAAKBAY Citizens’ Development Initiatives, Inc.

1:20 – 1:30 Opening and Setting the Tone • Backgrounder on the MDGs • Setting the Tone
Atty. Chito Gascon, Managing Trustee, National Institute for Policy Studies (NIPS) Director-General, Liberal Party (LP)

1:30 – 2:15 A Framework for Mobilizing Resources for Development • By Major Financial Themes: Domestic Resources, Foreign Direct Investments, International Trade, Official Development Assistance, External debt reduction and debt sustainability • Opportunities, Limitations and Constraints
Filomeno Sta.Ana III, Coordinator, Action for Economic Reforms Editor, Financing for Development “Finance or Penance for the Poor”

2:15 – 3:00 The MDGs and the Current Performance
• The Eight MDG Goals • Philippine Initiatives in Addressing these Goals • Current Performance vs. Goals • Conclusion
Prof. Leonor Briones, Lead Convenor, Social Watch Philippines Co-Author, Financing for Development “Finance or Penance for the Poor”

3:00 – 3:45 Updates and Views from the Authors of Financing for Development “Finance or Penance for the Poor”
Jessica Reyes-Cantos, Joseph Anthony Lim, Clarence Pascual, Mario Jose Sereno

3:45 – 5:15 Reactions and Questions from the Senators and Congressmen, and from the participants / Open Forum

5:15 – 5:30 Closing Remarks
Dr. Edna A. Co, Dean, National College of Public Administration, University of the Philippines

Emcee / Moderator:
Engr. Hermenegildo Estrella, National Council Member, KAAKBAY

Snacks will be served during the Questions and Answer / Open Forum period

Symposium Secretariat: KAAKBAY Citizens’ Development Initiatives, Inc.
Unit 1, 11/F, The One Executive Office Building, #5 West Ave. corner Col. Martinez Street
Nayong Kanluran, 1104 Quezon City, Philippines
Email: [email protected], Mobile: +63919 4985887, Landline: +632 5007488

The ProPinoy Project

  • UP nn grad

    The Noynoy Administration can use the power of borrowing to put more horsepower in the job-creation capabilities of the lower or lower-lower-middle-class — the farmers needing loans for seed, fertilizers, the sarisari store owners needing loans for more inventory, the tricycle-operators, other small businesses.

    Microfinancing is an expensive operations — microfinance companies (in Negros, Mindanao, Bicol, metro-Manila, others) charge 34% to 58% interest rate (annualized) to the small-business-owners and make anywhere from minus-1.8%-return to positive 2.1% return.

    Noynoy-admin can borrow US$60million (at 8 to 11% interest rate). That is over PhP2.5-billion that should be lent to Gata Daku Multi-purpose Cooperative, ASKI, HSPFI and other micro-finance groups at 15% to 18% to allow the Pilipinas micro-finance companies to offer more loans and hopefully, at lower rates, too.

    Every US$60Million (P2.5-billion) represents 320,000 loans [that is 160,000 six-month loans] to small-business owners! Walang tong… walang korap, bawas ang mahirap.

  • UP nn grad

    The Noynoy Administration can use the power of borrowing to put more horsepower in the job-creation capabilities of the lower or lower-lower-middle-class — the farmers needing loans for seed, fertilizers, the sarisari store owners needing loans for more inventory, the tricycle-operators, other small businesses.

    Microfinancing is an expensive operations — microfinance companies (in Negros, Mindanao, Bicol, metro-Manila, others) charge 34% to 58% interest rate (annualized) to the small-business-owners and make anywhere from minus-1.8%-return to positive 2.1% return.

    Noynoy-admin can borrow US$60million (at 8 to 11% interest rate). That is over PhP2.5-billion that should be lent to Gata Daku Multi-purpose Cooperative, ASKI, HSPFI and other micro-finance groups at 15% to 18% to allow the Pilipinas micro-finance companies to offer more loans and hopefully, at lower rates, too.

    Every US$60Million (P2.5-billion) can be lent to 160,000 loans to small-business owners! Walang tong… walang korap, bawas ang mahirap.

  • Tshewang Dorji

    Dear Sir/ Madam,

    I am a professional Accountant and looking for short term training in Financial accounting for 3 weeks programme. Is it available at your Institute(FfD). please do confirm me.