The World Bank on P-Noy | Inquirer Opinion

The World Bank on P-Noy

In this deeply polarized country of ours, what is said of most political figures living or dead, should not be accepted entirely as gospel truth. Admirers will idolize; detractors will demonize. The following are segments of an article on President Benigno “Noynoy” Aquino III written by a Japanese, Motoo Konishi, who served in the World Bank as country director for the Philippines from 2012 to 2016, almost the same period covered by the Aquino administration.

“Reflections on the Aquino Leadership and Administration:


“As we read and hear the outpouring of gratitude for President Benigno S Aquino III, highlighting his accomplishments and his virtues, I wanted to write a bit about how much the World Bank has learned from President Aquino.

“On Governance and Corruption: Philippines was one of the eight founding members of the Open Government Partnership—a global partnership between Government and Civil Society to promote transparent, inclusive and participatory governance; Anti-corruption effort in DPWH brought down the cost of large national contracts by 25-30% (much of it due to elimination of corruption payments); tax revenues improved from less than 12% of GDP (one of the lowest in the region) to over 15%, including the passage of Sin Tax, and using the multilateral banks to create the huge fiscal space which the current Administration is using to borrow to finance the heavy cost of Covid-19 expenses. The improvement was so impressive that the World Bank held conferences of heads of tax authorities in the region on how it was accomplished. Support to DBM on Bottom-Up Budgeting to direct more resources towards rural and poverty reduction programs and budget reform and transparency. Breakthrough work on the Bangsamoro Peace Process and the Organic Law. And of course most importantly, the drive for good governance led to one of the fastest economic growth rates globally, rivaling that of China.


“On climate change and natural disasters: The Bank, ADB and JICA were able to help NEDA put together the Typhoon Haiyan Reconstruction Plan in less than six months after the typhoon and delivered several billion dollars of assistance packages in matter of few months (again a new record at the Bank). A complete game changer in the world of post disaster reconstruction planning and it has now set a new global standard on disaster response. In addition, to reduce and mitigate the financial burden caused by natural disasters, DOF instructed the World Bank to create a wholly new Disaster Risk Financing and Insurance Program (now a new product line offered globally by the World Bank).

“On improving the quality of growth and lifting the whole country from the bottom up, Aquino Administration expanded the program to provide universal coverage of health insurance; doubled the families covered under the Conditional Cash Transfer Program that pulled 7.7 million Filipinos out of poverty (largest and one of the best managed program of this type in the world). And nearly tripling the budget for social services (education, health and DSWD—unheard of increase in social services globally)…

“Over the 35 years that I served at the World Bank, I have worked with Presidents and Ministers in over thirty countries. But the four years as the Country Director for the Philippines has been the most challenging, most impressive and most rewarding because of the Aquino leadership and administration.

“We witnessed and appreciated the difficulty and effort that was required to stabilize and turn a country around that was in a downward spiral. We also saw first-hand the togetherness and shared vision that is necessary to put a country on a true growth path. We were inspired to work for a President and a Cabinet truly pushing to eliminate poverty and bring a brighter future for its citizens. And we all know that this is because of the President’s unwavering devotion to the Filipino People, to improving their lives, and to retake the position of Philippines as a nation to be proud of and a nation that will succeed and excel in Asia.

“Dear President Aquino, on behalf of all the World Bank staff who worked on the Philippines during your administration, it’s been a true honor and privilege to serve you. Bravo for the pride that you have brought back to the Filipino people.

“May you Rest In Peace and thank you for the devotion and sacrifice you have made for this great country.”

[email protected]

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Benigno Aquino III, Motoo Konishi, Noynoy Aquino, P-Noy, Ramon J. Farolan, Reveille, world bank
For feedback, complaints, or inquiries, contact us.

Fearless views on the news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

© Copyright 1997-2022 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.