The University of the Philippines Alumni Council, the advisory body of the UP Alumni Association (UPAA), resolved to fully support Ambisyon 2040, the government’s program for long-term economic growth.
The council made the resolution during its annual meeting with the theme, “Handog sa Pamantasan, Pag-alay sa Bayan”. With resource person for the resolution, Secretary Arsenio Balisacan of the National Economic and Development Authority (NEDA). The meeting was held at the Ang Bahay ng Alumni in UP Diliman on August 18.
Balisacan, this year’s UPAA Most Distinguished Alumnus, explained Ambisyon 2040 in his UP Alumni Council Meeting lecture, “Social and Economic Transformation for Inclusive Philippine Development”. The program envisions human development as “matatag, maginhawa, at panatag”.
He emphasized that a “rapid, sustained, and inclusive growth is a necessary condition for the Philippines to become a predominantly middle-class society” by 2040. Balisacan spoke of a target annual growth rate of 6-8.5%.
While maintaining that the trick to growth is in the hands of the private sector, particularly through innovation and actively targeting bigger markets, government must raise its spending to achieve the targeted growth rates. Balisacan said government must sustain spending on infrastructure at 5-6% of GDP (gross domestic product). He said NEDA would continue monitoring and advising slow spenders in government.
Balisacan further highlighted the need for government to enhance society’s ecosystem for research and development and innovations, requiring, among others, robust partnership among government, private sector, and the academe.
The UP Alumni Council through Atty. Raul Reyes, the UPAA legal counsel and Chair of Council’s Resolution Committee, presented a draft of the resolution, which stated that the UPAA “will fully support the [NEDA’S] program for long-term economic growth called the Ambisyon 2040”.
It further resolved that the UPAA “will support and participate in the academe’s role in the government’s plan for social and economic transformation in order to raise the quality of investments vis-a-vis employment” and that it “will actively contribute to and encourage academic programs that will produce graduates who are eligible to provide efficient human capital to the government’s programs”.
The UP Alumni Council is composed of: University officials, deans and directors; past and present members of the UP Board of Regents; the current UPAA Board of Directors and the current officers of the UPAA chapters; the Distinguished Alumni Awardees; and other persons as may be designated by the UPAA Board of Directors.
It holds the annual meeting in order to draft and pass resolutions presented for endorsement to the general UPAA membership during the General Homecoming. These resolutions are then submitted to: the UP alumni in Congress and in the Senate for aid in legislation; the Board of Regents; and appropriate government and private agencies for reference in formulation of policies.
Additional photos of the Alumni Council Meeting are available below.