The Philippines rank in this year’s Global Competitiveness Index (GCI) climbed to 65^th, 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 (85^th).

The country has been greatly improving, as Abad said, and has also risen to the 71^st spot from the 94^th in terms of institutional quality and from 36^th to 18^th 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.