PH kicks off first high-level conference of middle-Income countries in Asia

Metro Manila, Philippines - The Philippines has kicked off the High-Level Conference of Middle-Income Countries in Makati, marking the first time the meeting is held in Asia.

Foreign Affairs Secretary Enrique Manalo said on Monday, April 28, the conference is organized by the government in collaboration with United Nations agencies. It aims to begin discussions on challenges facing middle-income countries, including the Philippines.

“The need for sustained dialogue on better supporting the growth track of middle-income countries through thoughtful strategies, concrete, scalable, and impactful solutions. More to the point, it is an acknowledgement that we need each other,” Manalo said.

Manalo noted that 105 middle-income countries account for 75 percent of the world’s population and a third of the global GDP. However, he said these countries remain vulnerable to trade shifts, geopolitical risks, and climate change.

“This is a defining moment for middle-income countries. Dramatic shifts highlight the centrality of multilateralism in fostering dialogue, cooperation, and partnerships for resilience and sustainability,” he added.

About two dozen middle-income nations are participating in the event. Discussions cover green transitions, South-South cooperation, and financing for development.

In a side interview with reporters, Manalo said the conference shows the Philippines' strong commitment to multilateralism.

"It shows our commitment to multilateralism and bringing together countries from different regions of the world who are part of the group of middle-income countries," he said. "Middle-income countries can contribute to the development process by addressing climate change, financing gaps, and cooperation as a whole."

Manalo said 19 like-minded countries are actively taking part in the event.

"I will be chairing the roundtable where each country will present their positions on how to strengthen the role of middle-income countries in the global development agenda," he added.

Economy, Planning, and Development Secretary Arsenio Balisacan said the Philippines is on track to achieve upper middle-income status by 2026.

“We are well-positioned to achieve upper middle income status by 2026. Nonetheless, we remain acutely aware of the uncertainties confronting the global economy,” Balisacan said.

The conference will run until Tuesday, April 29.