Philippines in the UNSC Strategy to foster the increase in foreign aid
INCREASING FOREIGN AID
1.Repair the damage caused by the Typhoon Megi o Estimated cost: $176 MM 2.Continue the development of services industry without the need of raising taxes
Recommendation Push forward Philippines candidacy for a temporary seat in the UNSC Becoming a temporary member of the UNSC: increases the probability of receiving aid Increases the amount of aid received
Logic “Bargain” with the permanent members of the UNSC Permanent members value international support = Legitimacy We value economic development “Sell out” our votes o increase in bilateral aid o Increase international financial institutions’ loans to the Philippines
Potential % Potential % US bilateral grants ($ MM) Asian DB loans ($ BN) Potential % Particip. in IMF progr. (%)
Proposal ChinaUnited States