The Public-Private Partnership (PPP) program forum
held at the United Nations headquarters in Geneva.
Ambassador Leslie J. Baja (far right) is shown with Finance Secretary
Cesar V. Purisima (center), with Ms. Cyd Amador, Assistant Governor,
Bangkok Sentral ng Pilipinas; Mr. Roberto Tan, National Treasurer of
the Philippines; and Ambassador Evan P. Garcia, Philippine Permanent
Representative to the UN in Geneva.
(Right photo) Secretary Purisima speaking before the non-deal roadshow on the PPP in Zurich.
PPP Roadshow elicits huge interest in Switzerland
The Philippine Embassy in Berne reported to the Department of Foreign
Affairs that a team led by Finance Secretary Cesar Purisima undertook a
non-deal roadshow (NDR) on the Philippines’ Public-Private Partnership
(PPP) program in Geneva and Zurich. The group had earlier visited
London and Frankfurt and made similar presentations.
The NDRs in Geneva and Zurich on 23 and 24 February respectively, were
attended by about 50 representatives of banking institutions present in
Switzerland. The NDR team highlighted factors that would sustain
the positive economic performance of the Philippines including its
resilient and stable economic growth, credible and effective monetary
policy which have been positively recognized by credit rating agencies.
Earlier, on 23 February, the Philippines made a presentation in Geneva
at an event organized by the UN Economic Commission for Europe entitled
PPP Days 2012. Secretary Purisima, NEDA Director General Cayetano
Paderanga and PPP Executive Director Cosette Canilao elaborated on the
positive economic performance of the Philippines and the prospects for
growth – that leverage on the skills of the Filipino people and are
anchored on a reform-minded administration. Ms Canilao presented
the PPP projects in the pipeline and the policies and processes in
awarding these projects.
The Philippines enjoys healthy economic relations with Switzerland
being its 10th largest export market in Europe. Approximately 60
Swiss companies are present in the Philippines employing 12,000
Filipinos. Switzerland is also the 4th largest source of tourists
from Europe and is home to about 10,000 Filipinos.
This year, the Philippines and Switzerland will commemorate 150th
anniversary of the establishment in Manila in 1862 of the first Swiss
consulate in Asia.