Donors keen to support government projects
Donors expressed 'overwhelming' support for state programs seeking to improve the lives of the poor and provide more infrastructure during the first Philippines Development Forum (PDF) of the Aquino administration held Saturday. âIt was a show of support, trust, and optimism. There was a high level of confidence [and] we are very keen in supporting the plans of President [Benigno S.C. Aquino III]," World Bank Country Director Bert Hofman told reporters during a briefing after the meeting. No pledges were made, Finance Secretary Cesar V. Purisima said in the same briefing. Rather, âit was a show of support for the Philippines," Mr. Purisima noted. âCompared with my previous PDF in 2005, there was high enthusiasm [among attendees] and support was also higher," he added. The Philippines, where about a fifth of the population is poor and which has been beset by budget deficits, needs donor support to fund its programs. The PDF provides the space where the government can present to international development partners priority programs they can support. âYou can be assured that your money will be better spent under this administration," Pres. Aquino told the donors in his speech. Prinz P. Magtulis, BusinessWorld