The World Bank Group support for Islands of Good Governance in the public-private sector seeks to replicate successful public collaboration, laying the foundation for dynamic private sector-led growth. Such visible successes include private investment in infrastructure and in high growth sectors and geographic areas. To create a favorable business environment, the World Bank Group assists the government's reform efforts to lower the costs of doing business, improve financial intermediation, and finance public-private infrastructure investments. By creating jobs, generating incomes, and improving infrastructure, the visible successes will help consolidate support for the government's reform agenda. The World Bank Group's strategy at the private sector level complements its national and local level strategies. In particular, the national level strategy seeks to help the government establish fiscal stability and strengthen governance structures to address serious macroeconomic, policy, and institutional constraints to private investment. For the local level, private financing is an important option for LGUs and the World Bank Group's assistance strategy helps develop the performance and capacity of LGUs to attract private financing. Read examples of private sector projects that demonstrate how the public-private partnerships can improve public service reliability and lower costs. One example illustrates how rural communities and the poor have more access to electricity. Another example, for instance, shows how residents in Metro Manila East Zone concession are receiving better water and sanitation services, while the government retains regulatory control to ensure fair prices and an equitable return to the concessionaire. The third example shows how a much-improved tollway opens business and economic opportunities in Northern Luzon. Examples of Islands of Good Governance at the Private Sector Level:
 Reliable Lower-Cost Electric Power for Rural Areas
Safe Drinking Water and Clean Sanitation for Metro Manila (East Zone)
Opening Northern Luzon to Economic Opportunities Related:
Supporting Islands of Good Governance at the National Level
Supporting Islands of Good Governance at the Local Level More information:
International Finance Corporation (IFC) in the Philippines
Active World Bank-assisted Projects in the Philippines |
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