The Philippines has improved its ranking in the global anti-red tape rankings, the Anti-Red Tape Authority (ARTA) announced.
“The Philippines proudly climbs three spots in Government Efficiency, ranking 49th in the 2024 World Competitiveness Report by the International Institute for Management Development (IMD),” ARTA said in a statement on Monday, July 29.
The IMD recognizes the crucial role of governments in providing an environment characterized by efficient infrastructure, institutions, and policies that can encourage sustainable value creation for private enterprises.
It created the World Competitiveness Ranking 36 years ago in a bid to provide actionable data analysis on economies, regions and sub-regions according to how they optimize their individual competencies in order to achieve long-term value creation for their people.
The ranking provides benchmarking and exposes trends, using both statistics and real-world survey data.
This year’s edition, released in June, provides extensive coverage of 67 global economies and is a worldwide reference on the competitiveness of economies.
With the improvement, ARTA said the government remains "committed to streamlining and digitalizing government services for a more competitive and business-friendly Philippines."
ARTA’s mandate is to transform the way government services are delivered, and to achieve this goal through a whole-of-nation approach, especially one that fosters innovation and good regulatory practices.