Partnership for Growth – Philippines An Enhanced Engagement

The Philippine government and the United States government launched the Partnership for Growth (PFG) in 2011. This partnership mobilizes the resources of both governments to address the most serious constraints to economic growth and development in the Philippines. Through enhanced bilateral engagement, the PFG will assist the Philippines achieve the goal of moving from a low growth path to a higher, sustained and more inclusive growth trajectory in line with other high-performing emerging economies. Both governments plan to work together to accomplish this goal through the following objectives:

• Create a more transparent, predictable and consistent legal and regulatory regime in the Philippines, one that is less encumbered by corruption; 
• Foster a more open and competitive business environment with lower barriers to entry; 
• Strengthen the rule of law that is grounded on an efficient court system capable of delivering timely justice; and 
• Support fiscal stability through better revenue administration and expenditure management. 

In November 2011, U.S. Secretary of State Clinton (left) signed the Partnership for Growth compact with her Filipino counterpart, Foreign Affairs Secretary Alberto Del Rosario (right), and President Aquino (center).

This enhanced bilateral engagement involves 15 U.S. government agencies working with their Philippine counterparts to achieve the PFG objectives. The Philippines is one of only four countries chosen to participate in the PFG.