MANILA (Sputnik), Anastasia Levchenko – According to Iriberri, the changes that the local military underwent allow it to align its budget to the attainment of specific goals.
"A dozen of the Philippine public sector agencies have been named 'Islands of Good Governance' for their successes in fight against corruption and implementing reforms to raise transparency throughout the year," General Hernando Iriberri said, adding that the country’s Armed Forces were among these "islands."
APEC leaders recognized the threat of corruption to economic growth back in 2004, when they met in Santiago, Chile. Since then, they have been working together to promote transparency and open governance as a crucial element of long-term economic competitiveness.
Manila currently hosts the APEC Economic Leaders’ Week, bringing together senior officials and businessmen from 21 Asia-Pacific economies. Prior to the leaders' summit next Wednesday, APEC senior officials are reviewing the work of the group over the last year and defining priorities and action plans for the future, to be endorsed by its members’ heads-of-state and ministers at the concluding leaders' summit.