WB: Draw foreign PPP investors through liberalized laws




SINGAPORE—The Philippines must leverage on recent reforms allowing increased foreign capital, especially in infrastructure, as it pushes for more public-private partnerships (PPPs) at a time when the government is saddled with debt while businesses struggle with higher interest rates, a World Bank official said.

“I think one remarkable development in the Philippines is the significant reform in policies for investments in infrastructure. Lots of provisions which limited the scope for foreign investment have now been changed,” Aaditya Mattoo, World Bank Group chief economist for East Asia and Pacific, told the Inquirer on the sidelines of the Asia Infrastructure Forum 2022. Matto…

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