AMPO, Joel VIRADOR, and Teodoro CASINO, Jr.];
BUHAY [Reps. Rene VELARDE and Hans Christian SENERES]; BUTIL [Rep.
Benjamin CRUZ]; CIBAC [Rep. Emmanuel Joel VILLANUEVA]; GABRIELA
[Rep. Liza MAZA}; PARTIDO NG MANGGAGAWA [Rep. Renato MAGTUBO] (2003)

International organization participation:
APEC, ARF, AsDB, ASEAN, BIS, CP, FAO, G-24, G-77, IAEA, IBRD, ICAO,
ICC, ICCt (signatory), ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO,
IMF, IMO, Interpol, IOC, IOM, ISO, ITU, MIGA, MINUSTAH, NAM, OAS
(observer), ONUB, OPCW, UN, UN Security Council (temporary), UNCTAD,
UNESCO, UNHCR, UNIDO, UNMIK, UNMIL, UNMISET, UNOCI, UPU, WCL, WCO,
WFTU, WHO, WIPO, WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador Albert DEL ROSARIO
chancery: 1600 Massachusetts Avenue NW, Washington, DC 20036
consulate(s) general: Chicago, Honolulu, Los Angeles, New York, San
Francisco, San Jose (Northern Mariana Islands), Tamuning (Guam)
consulate(s): honorary consuls in Ft. Lauderdale and Houston
FAX: [1] (202) 328-7614
telephone: [1] (202) 467-9300

Diplomatic representation from the US:
chief of mission: Ambassador Francis J. RICCIARDONE
embassy: 1201 Roxas Boulevard, Manila
mailing address: PSC 500, FPO AP 96515-1000
telephone: [63] (2) 523-6300
FAX: [63] (2) 522-4361

Flag description:
two equal horizontal bands of blue (top) and red with a white
equilateral triangle based on the hoist side; in the center of the
triangle is a yellow sun with eight primary rays (each containing
three individual rays) and in each corner of the triangle is a small
yellow five-pointed star

Economy Philippines

Economy - overview:
The Philippines was less severely affected by the Asian financial
crisis of 1998 than its neighbors, aided in part by annual
remittances of $6-7 billion from overseas workers. From a 0.6%
decline in 1998, GDP expanded by 2.4% in 1999, and 4.4% in 2000, but
slowed to 3.2% in 2001 in the context of a global economic slowdown,
an export slump, and political and security concerns. GDP growth
accelerated to 4.4% in 2002 and 4.2% in 2003, reflecting the
continued resilience of the service sector, gains in industrial
output, and improved exports. Nonetheless, it will take a higher,
sustained growth path to make appreciable progress in poverty
alleviation given the Philippines' high annual population growth
rate and unequal distribution of i