The Philippines recently won 1st Place as the United Kingdom’s National Outsourcing Association Outsourcing Destination of the year 2009.

More news elucidate why the Philippines has been selected for being a first-rate destination for outsourcing and off-shoring not only by the United Kingdom business and trade industries but also by other regions.

According to the Deputy Managing Director of the International Monetary Fund John Lipsky, the region of Asia, though severely affected by the sharp downturn in the United States and Europe, is not directly impacted by the ‘toxic’ financial assets which were at the epicenter of the global financial crisis. An average Asian nation, like the Philippines, without fiscal adjustment, debt-to-GDP ratios are projected to remain above pre-crisis levels through 2014.

A basic marker of economic performance, the debt-to-GDP ratio is a measure of a country’s federal debt in relation to its gross domestic product.

World Bank country director Bert Hoffman also stressed the Philippine economy forecastĀ  is looking up during a keynote speech at the 35th Philippine Business Conference. Hoffman also notes that the Philippines has done well and has been ahead among other countries in the region.

However, Hoffman points the need to raise the infrstructure investments from 15 percent towards 20 orĀ  25 percent of GDP to increase services and alleviate poverty in the country.

With such promising forecasts from two major global economic institutions no wonder companies like Convergys experience unprecedented growth in its six years of operations in the Philippines. The global leader in customer relationship managementl opens its largest contact center facility, its 12th business facility in the country, that would accommodate more than 2,000 employees.

Outsourcing Solutions, Inc. – your outsourcing partner!


  1. Cahiles-Magkilat, Bernie. “Convergys opens largest BPO center Thursday.” 21 October 2009. The Manila Bulletin. Accessed 22 October 2009. Link Here
  2. “IMF tells Asia: Continue stimulus measures.” 21 October 2009. The Manila Bulletin. Accessed 22 October 2009. Link Here
  3. “World Bank says RP economy looking up.” 21 October 2009. The Manila Bulletin. Accessed 22 October 2009. Link Here


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