The government is ready to build a stronger and greener economy fit for the 21st century, a Cabinet official said.

"We have the right people at the helm and we have a clear, focused plan to make this lofty goal happen," Finance Secretary Benjamin Diokno said recently.

"As we improve the investment attractiveness of our domestic economy, I am confident that we will be able to meet the growth targets indicated in our Medium-Term Fiscal Framework," the secretary added.

Diokno has expressed optimism that the country's improving investment climate will enable the government to reach its medium-term goals.

Rating affirmed

Moody's recently reaffirmed the country's Baa2 rating with a stable outlook, citing the resilience of the country's economic recovery to external pressures and the government's commitment to policy continuity. Moody's said that the country is not significantly exposed to geopolitical risks and is less dependent on external demand as compared to Asia-Pacific peers given its relatively large domestic market, which in turn is further supported by stable remittance inflows from overseas Filipinos.

Earlier, Diokno assured stakeholders and partners in the development and private sectors that the government is supportive of initiatives toward achieving universal access to clean water.

"Allow me to assure you that in our capacity as chair of the administration's economic team, the Department of Finance stands ready to support all efforts toward our shared goal of achieving universal access to clean water and fighting climate change at the soonest possible time," the secretary said.