MANILA, Philippines – Malacañang is setting aside P49 million for President Benigno Aquino’s trip to Davos, Switzerland to attend this year’s World Economic Forum (WEF).
In a statement, Executive Secretary Paquito Ochoa Jr. said Aquino will depart for Davos on Wednesday night to take part in the WEF from January 23 to 27.
He said Aquino will participate in economic discussions with global business and political leaders in Davos as well as deliver a keynote address on the fight against corruption at the WEF "Partnering Against Corruption Initiative" scheduled on January 24.
"President Aquino's participation in the WEF is an important opportunity for us to let the world know of our determination to institutionalize good governance in our country as one of the principal pillars of fiscal reform," Ochoa said.
Accompanying Aquino is a 63-member delegation that includes Foreign Affairs Secretary Albert Del Rosario, Finance Secretary Cesar Purisima, Trade Secretary Gregory Domingo, Budget Secretary Florencio Abad, Socio-Economic Planning Secretary Arsenio Balisacan, Cabinet Secretary to the President Jose Rene Almendras and PCDSPO Secretary Ricardo Carandang.
The estimated cost of the President's participation to the annual gathering of world business and political managers covers the delegation's chartered flight to Switzerland, accommodation, transportation, food, and equipment and telecommunications requirements, among others.
Ochoa said the President will have a brief stop in Zurich on January 26 to meet the Filipino community before proceeding with his trip to Manila.