In a strategic move to solidify the nation’s standing in the global economy, Department of Finance (DOF) Secretary Frederick Go and Department of Trade and Industry (DTI) Secretary Cristina A. Roque met with Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), to reaffirm the Philippines’ dedication to transformative, data-driven policy reforms.
The high-level reception followed the official launch of the OECD Economic Survey of the Philippines, a comprehensive diagnostic tool designed to evaluate the country’s macroeconomic performance and provide actionable pathways for sustainable growth.
During the dialogue, Secretary Roque emphasized that the OECD’s findings serve as more than just a report; they act as a strategic blueprint for the Department of Trade and Industry’s current initiatives. “The OECD Economic Survey is a valuable guide for shaping policies that strengthen our economic resilience and long-term competitiveness,” said Secretary Roque. “By aligning our domestic strategies with international best practices, we are ensuring that the Philippines remains a top-tier destination for high-quality investments.”
The survey highlights key areas for improvement, including:
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Digital Transformation: Streamlining government services and boosting the digital economy.
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Regulatory Reform: Reducing barriers to entry for foreign and local businesses.
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Human Capital: Aligning labor skills with the demands of an evolving global market.
The engagement comes at a pivotal moment for Philippine diplomacy. Secretary Go and Secretary Roque underscored the country’s deepening relationship with the OECD as it prepares for two major leadership roles:
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2026 ASEAN Chairship: The Philippines will lead the Association of Southeast Asian Nations, focusing on regional economic integration.
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OECD Southeast Asia Regional Programme (SEARP): As Co-Chair, the Philippines is playing a primary role in bridging the gap between Southeast Asian economies and the OECD’s rigorous global standards.
Secretary Go noted that the Philippines’ commitment to “evidence-based reforms” is essential for maintaining the country’s momentum as one of the fastest-growing economies in the region. The partnership with the OECD is seen as a “prestige pathway,” signaling to international markets that the Philippines is serious about transparency, sustainability, and institutional integrity.
Secretary-General Mathias Cormann lauded the Philippines’ proactive approach, noting that the country’s willingness to undergo such a rigorous review process reflects a high level of “economic maturity and ambition.”
The DTI and DOF remain committed to institutionalizing the survey’s recommendations, ensuring that the benefits of economic growth are felt by all Filipinos through increased job creation and a more robust business environment.
