Classifying the Economy into Traded or Nontraded Sectors

Cast within the framework of small open economy that periodically faces balance of payments crises, the theoretical model developed in this study can be utilized to study the devaluation experiences of the Philippines. Such model provides not only a test for validity and relevance but also an indication of the costs of devaluation as a tool for achieving external balance.trade sector, devaluation, balance of payments

Classifying the Economy into Traded or Nontraded Sectors

Cast within the framework of small open economy that periodically faces balance of payments crises, the theoretical model developed in this study can be utilized to study the devaluation experiences of the Philippines. Such model provides not only a test for validity and relevance but also an indication of the costs of devaluation as a tool for achieving external balance.trade sector, devaluation, balance of payments

A New Vision and Credit Policy Framework for Financing LGUs Basic Services and Development Projects

This paper presents a new vision and the proposed policy framework for financing local government’s basic services and development projects. This vision intends to wean away the LGUs from their dependence on the national government and to promote a more effective private sector participation in developing and funding local projects. The credit policy framework aims to direct and make LGUs creditworthy to the private sources of capital.local government unit, capital markets, services sector, credit program

Government Guarantees in Infrastructure Projects: A Second, Third Look at the Policy

To encourage private sector participation in public infrastructure projects, government guarantee has been utilized as an instrument to mitigate the risks associated with public investments. However, this creates contingent liabilities that the government has to face. This issue argues that the government must move towards project financing structures having less provision for subsidies and guarantees. Private sector should then have greater risk participation while strict monitoring measures should be implemented concerning contingent liabilities.government guarantee, public infrastructure projects, BOT scheme, private sector participation, contingent liability

Philippine Structural Adjustment Measures for 1986-1992

Tracing the structural adjustment measures implemented in the Philippines, this paper discusses reforms done on taxation, on trade and on government corporation during 1986 to 1992. Reforms on the financial sector, investment incentives and foreign exchange are also analyzed. These are in the hope of providing information on what has been done and what is left for implementation.structural adjustment, adjustment policies, structural reforms

Mortality and pulmonary complications in patients undergoing surgery with perioperative SARS-CoV-2 infection: an international cohort study

Background: The impact of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) on postoperative recovery needs to be understood to inform clinical decision making during and after the COVID-19 pandemic. This study reports 30-day mortality and pulmonary complication rates in patients with perioperative SARS-CoV-2 infection. Methods: This international, multicentre, cohort study at 235 hospitals in 24 countries included all patients undergoing surgery who had SARS-CoV-2 infection confirmed within 7 days before or 30 days after surgery. The primary outcome measure was 30-day postoperative mortality and was assessed in all enrolled patients. The main secondary outcome measure was pulmonary complications, defined as pneumonia, acute respiratory distress syndrome, or unexpected postoperative ventilation. Findings: This analysis includes 1128 patients who had surgery between Jan 1 and March 31, 2020, of whom 835 (74·0%) had emergency surgery and 280 (24·8%) had elective surgery. SARS-CoV-2 infection was confirmed preoperatively in 294 (26·1%) patients. 30-day mortality was 23·8% (268 of 1128). Pulmonary complications occurred in 577 (51·2%) of 1128 patients; 30-day mortality in these patients was 38·0% (219 of 577), accounting for 81·7% (219 of 268) of all deaths. In adjusted analyses, 30-day mortality was associated with male sex (odds ratio 1·75 [95% CI 1·28–2·40], p\textless0·0001), age 70 years or older versus younger than 70 years (2·30 [1·65–3·22], p\textless0·0001), American Society of Anesthesiologists grades 3–5 versus grades 1–2 (2·35 [1·57–3·53], p\textless0·0001), malignant versus benign or obstetric diagnosis (1·55 [1·01–2·39], p=0·046), emergency versus elective surgery (1·67 [1·06–2·63], p=0·026), and major versus minor surgery (1·52 [1·01–2·31], p=0·047). Interpretation: Postoperative pulmonary complications occur in half of patients with perioperative SARS-CoV-2 infection and are associated with high mortality. Thresholds for surgery during the COVID-19 pandemic should be higher than during normal practice, particularly in men aged 70 years and older. Consideration should be given for postponing non-urgent procedures and promoting non-operative treatment to delay or avoid the need for surgery. Funding: National Institute for Health Research (NIHR), Association of Coloproctology of Great Britain and Ireland, Bowel and Cancer Research, Bowel Disease Research Foundation, Association of Upper Gastrointestinal Surgeons, British Association of Surgical Oncology, British Gynaecological Cancer Society, European Society of Coloproctology, NIHR Academy, Sarcoma UK, Vascular Society for Great Britain and Ireland, and Yorkshire Cancer Research

Philippine Structural Adjustment Measures for 1986-1992

Tracing the structural adjustment measures implemented in the Philippines, this paper discusses reforms done on taxation, on trade and on government corporation during 1986 to 1992. Reforms on the financial sector, investment incentives and foreign exchange are also analyzed. These are in the hope of providing information on what has been done and what is left for implementation.structural adjustment, adjustment policies, structural reforms