MANILA, Philippines - The Philippines scored higher in four out of six indicators in the latest WorldWide Governance Indicators (WGI), according to a World Bank report that measures the quality of governance across 200 economies.
“The country’s achievement in the area of governance complements its gains in the economic front – including maintenance of within-target inflation and stability in the financial system,” Bangko Sentral ng Pilipinas governor Amando Tetangco Jr. said.
“These accomplishments will help attain the goal of a sustainable and a more inclusive growth,” he added.
In the 2013 WGI report, the Philippines improved its scores under the “voice and accountability,” “political stability and absence of violence,” “rule of law,” and “control of corruption” indicators.
The country’s ranking climbed to 47.87 in the latest report from 46.92 in the previous one under “voice and accountability,” which reflects how the citizens are able to participate in choosing their government, the freedom of expression, the freedom of association and a free media.
The rank ranges from 0 to 100, with 100 as the highest.
Under “political stability and absence of violence,” the Philippines also fared better at a ranking of 16.59 from the previous year’s 14.22. The country’s ranking also went up to 43.54 for “control of corruption” from 33.49.
At the same time, the country saw an improved ranking of 41.71 from last year’s 36.49 for “rule of law,” which shows the public’s trust and confidence in the law, particularly in contract enforcement, property rights, the police, and the courts.