PHL GCI rank climbs to 65th
The Philippines rank in this year’s Global Competitiveness Index (GCI) climbed to 65th, greatly improving in aspects such as quality of institutions and macroeconomic environment.
Budget Secretary Florencio Abad said that the Philippines has done a great leap, jumping 20 places above our rank in 2010-2011 (85th).
The country has been greatly improving, as Abad said, and has also risen to the 71st spot from the 94th in terms of institutional quality and from 36th to 18th spot in terms of macroeconomic environment.
Presidential Spokesperson Edwin Lacierda gave the credit to Pres. Benigno Aquino III who started his campaign against graft and corruption, the Philippine Business Registration, and the late Secretary Jesse Robredo.