Medium-Term Philippine Development Plan (MTPDP)

The Government’s overall policy framework is outlined in the MTPDP. A key focus of the plan for 2004–2010 is to promote stronger, more stable, and deeper capital markets. To support local bond market development, the government is pushing for strategic initiatives aimed at improving market liquidity, protecting investor and creditor rights, and harmonizing tax treatment of financial instruments and institutions. For a discussion on specific initiatives, please refer to the Government Policies & Initiatives – Policy Initiatives and Reforms section of this website. A link to the relevant section in the MTPDP 2004–2010 is also provided below.

The Philippine Capital Market Development Blueprint 2005–2010

The Securities and Exchange Commission has laid out a detailed set of plans for the integrated development of the infrastructure for a modern securities market over a five-year period until 2010. The Capital Market Development Plan: Blueprint for Growth and Expanded Contributions to the Philippine Economy, 2005–2010 outlines the major policy, legal, and regulatory actions that the Government plans to undertake to promote capital market development. The blueprint was approved by the Department of Finance (DOF) on 20 October 2006.

Nine policy goals and eleven strategic objectives for boosting the role of capital markets in economic development are identified in the blueprint. Reform initiatives under each strategic objective, and target implementation dates, are set forth in the blueprint’s action plan.