Abstract
This issue explores key economic and financial issues affecting income distribution, local governance, and rural development in the Philippines. It begins with a critical assessment of national accounts and household survey data. A review of methodologies linking income distribution to the macroeconomy is also provided. The issue then examines the short-run effects of the 1989 IMF adjustment program on the Philippine economy. On local government finance, one article assesses the capacity of local government units to issue securities, analyzing regulatory frameworks and presenting a case study of Cebu’s municipal bond issuance. Another study investigates the revenue risks faced by corn farmers, underscoring the impact of price variability and the need to account for risk in agricultural modeling. Finally, a review of international donor experiences in supporting rural non-farm enterprises provides insights applicable to Philippine rural development.
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