The government's Ambisyon Natin 2040 vision describes the kind of life the Filipino people aspire for themselves and for the country by 2040: a prosperous middle-class society free of poverty. Achieving this long-term vision implies a tripling of per capita income by 2040. The World Bank's Systematic Country Diagnostic identifies a four-part diagnosis of the constraints to the Philippines' achieving its Ambisyon Natin 2040 goals.
- The country can enact policies that maintain its high rates of growth but also make that growth more inclusive and generate good jobs.
- Investments in human capital can ensure that Filipinos lead healthy lives and have the skills for those jobs.
- The Philippines can build its resilience to natural disasters and the looming climate crisis, while continuing to build the peace in Mindanao.
- A common thread is the need for follow-through and implementation, which points to governance as the core cross-cutting challenge.