In the Philippines, the AIF partly provided funding for the Metro Skyway. In closing, I would like to say that many attractive investment opportunities may be found across the Asian region. In the Philippines, government's limited financial resources need to be augmented by foreign funds to help stimulate economic growth. Significant capital inflows, however, will only occur in an environment of political and economic stability. It is the role of the government to adopt measures to restore and maintain investor confidence in the country.
Investors place a very high premium on sound policymaking.
The country's fiscal, monetary, foreign exchange, and trade and investment policies should therefore be consistent and conducive for attracting private capital. Regulatory reform should be pursued in sectors in need of such reforms. It is also necessary to promote transparency and good governance throughout the government. Finally, basic preparation for the efficient functioning of the private sector such as the development of financial and capital markets should be undertaken. Thank you and I look forward to more enlightening discussions with you in the open forum.