The Advancing Philippine Competitiveness (COMPETE) Project is a four-year, Php774.5 million ($18.9 million) project began in October 2012. COMPETE assists the Philippines to improve its competitiveness to attain higher levels of trade and investment. To this end, the Project will provide technical assistance to enhance the regime for infrastructure provision, improve productivity in key industries, and increase access to credit.
COMPETE is a USAID/Philippines project under the Partnership for Growth (PFG), a White House initiative. The PFG represents a partnership between the Philippines and the United States to promote broad-based and inclusive growth. The U.S. Government is working with the Government of the Philippines, the private sector and civil society organizations to help put the Philippines on an accelerated growth trajectory that benefits the majority of its population.
In the infrastructure sector, technical assistance will enhance the viability of the Philippine Government’s public-private partnership infrastructure program; advance a reform agenda to lower transport, logistics, and energy costs; and improve regulatory capacity and oversight of infrastructure development.
For the tourism sector, activities will support the effective implementation of the 2011-2016 National Tourism Plan, particularly in efforts to develop strategic destination areas and tourism clusters.
In agribusiness, the Project will support policies to promote agri-food export competitiveness and provide technical assistance to boost productivity. The Project will expand access to credit for small and medium enterprises (SMEs) – particularly through an improved system of credit information for SME lending, wider utilization of credit guarantees, and overall stronger borrowing capacity for entrepreneurs.
By contributing to improved access to infrastructure, increased growth and productivity in key priority sectors, and better use of productive capital, project activities will improve the country’s competitiveness, leading to higher levels of trade, investment, and employment.
Support higher economic growth through interventions in infrastructure, energy, tourism, agribusiness, manufacturing, logistics and access to credit.
- Improve quality of crucial infrastructure, particularly for transport and energy
- Enhance competitiveness of key industries, such as tourism, manufacturing, logistics and agri-business
- Improve access to credit through direct and indirect programs in capital markets
Last updated: September 10, 2015