Finance Secretary Frederick D. Go called for stronger international support to help protect jobs, strengthen communities, and sustain economic progress, as global tensions and climate-related crises continue to put pressure on developing economies like the Philippines.
Speaking at the Intergovernmental Group of Twenty-Four (G-24) Ministers’ and Governors’ Meeting on April 14, 2026, Secretary Frederick Go emphasized that these overlapping challenges are straining countries’ ability to respond, particularly as fiscal space becomes more limited.
He underscored the need for scaled-up and more flexible financing, including budget support and emergency funding tools, to help countries absorb external shocks while continuing to fund social services and development programs that will benefit Filipino families.
Secretary Frederick Go also called for deeper mobilization of private capital to attract more investments that can generate jobs, particularly in infrastructure, energy transition, and digital services.
At the same time, he highlighted the importance of sustained support for jobs and human capital, ensuring that economic reforms translate into quality jobs and better livelihoods.
He further stressed the need for stronger and faster support for disaster and climate resilience, particularly for climate-vulnerable countries like the Philippines, through easier access to climate financing and technical assistance for disaster preparedness and climate‑smart infrastructure.
“Sustaining progress requires collective resolve. We call on countries and development partners to deepen collaboration in responding to both current and emerging crises,” Secretary Frederick Go said.
The Philippines joined fellow developing economies in advancing inclusive, job-rich growth amid persistent global pressures affecting emerging markets and developing economies (EMDEs).
“We therefore urge renewed multilateralism and deeper international cooperation to strengthen and stabilize the global financial architecture — so that economic transformation is achieved and progress remains inclusive and sustainable,” Secretary Frederick Go added.
The G-24, which coordinates developing countries’ positions on international monetary and development issues, plays a key role in promoting financial stability, resilience, and sustainable development.
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