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PIA Press Release
2008/01/22

Statement of Secretary Ignacio R. Bunye: Davos Forum backgrounder

Manila, 21 January 2008

The Davos Forum is an excellent opportunity for the President to discuss with world leaders the Philippines' point of view and approach in addressing issues, such as the global economy and world trade, the role and prospects of Asia within this framework, the impact of the sub-prime crisis and the subsequent credit crunch, and the likely consequences of climate change and measures to limit its effects.

Davos is a great place to share experiences outside the home country environment. At a time when we must all collaborate more closely, any time that she has to meet new leaders and thinkers is time well spent for her and for the nation.

It is an opportunity to showcase how the Philippine economy has turned around and continues to gain ground, although we still are a generation from first world status, and of our deep commitment to investing not just in growth at any price, but healthy growth that reflects our national values of concern for our island nation and all its wonders. (OPS) [top]

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