Philippines and WTO-backed EIF design framework to attract private investment to LDCs
The Philippines and the WTO-supported Enhanced Integrated Framework are drafting a cooperation plan to channel private capital into least-developed countries, with a focus on South-South collaboration.
The Philippine government and the WTO-backed Enhanced Integrated Framework are collaborating on a framework to direct private-sector investment toward least-developed countries. During a meeting in Geneva, the Philippine WTO mission and the EIF Secretariat discussed practical outreach in Geneva and throughout the ASEAN region, aiming to involve the private sector. EIF Executive Director Aissatou Diallo indicated that both parties will clarify the details of their cooperation by the end of September, with South-South cooperation at its core.
Ambassador Manuel Antonio Teehankee said the Philippines could help unlock investment opportunities, bring Filipino companies into LDCs, and share its experience in digitalisation, green solutions, and empowerment of women and youth. The EIF team is also working with the Philippines to develop concrete collaboration avenues and to secure Asian Development Bank support for a regional programme focused on priority value chains in Asian LDCs. The initiative seeks to provide targeted technical assistance to improve legal and regulatory frameworks, thereby attracting more investment and creating jobs both in LDCs and for the Philippines.
Why it matters
Boosting private investment in LDCs can spur economic growth, job creation and stronger South-South trade ties.
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