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The cityscape of buildings, condominiums, and residential communities as seen from Quezon City on January 29, 2026.

Jire Carreon/Rappler

The government also plans to give priority to new social sector projects over new infrastructure proposals, while expediting spending for infrastructure projects already underway

MANILA, Philippines – The Philippines’ new status as an upper-middle-income country has started a policy clock for the government to lock in cheaper development financing before access to it gradually narrows.