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    RP needs strong party system
    to lure more foreign investments
     
    By Butch Fernandez
    Reporter
     

    SEN. Edgardo Angara asserted Monday that a stronger political party system is the key to effecting major reforms in the country, lamenting that the lack of it not only “stunted development of true democracy but also restrains foreign investments and hinders Philippine progress to political maturity.”

    Attending the International Leaders Forum (ILF) at the August 25 to 29 Democratic National Convention in Denver, Colorado, where Democratic presidential bet Barack Obama will formally accept his nomination, Angara acknowledged that the Philippines needs stronger, stable and ideology-based political parties before the country can derive benefit from dramatic and meaningful reforms in its social, political and economic landscape.

    Angara admitted that weak democratic institutions and a fragile party system breeds corruption. “Political parties that lack strong ideological foundation are more prone to resort to fraud and money politics,” he said. “We cannot say we live in a representative democracy unless political parties have a definite and clear platform of government.”

    Unlike their counterparts in the West, Angara conceded that Philippine political parties today play a significantly diminished role and have considerably less prestige because of an unhealthy politics of personalities.

    “Our political parties struggle for recognition and even existence. Few political parties can stand by themselves, and are often forced to seek the embrace of vested interest and dirty money,” he said.

    He, however, reported at the ILF in Denver that the Philippine Senate is now pushing for the passage of the Political Party Development and Campaign Finance Act, which will transform political parties into public institutions and provide state subsidy to political parties that will adopt an internal code of conduct and agree to public audit of their financial transactions

    The ILF, hosted by the National Democratic Institute (NDI) since 1984, is attended by 500 international leaders including current and former heads of state, speakers of parliament, elected officials, cabinet ministers, political party leaders and ambassadors from over 100 countries.

    Angara is participating in the convention upon the invitation of former US Secretary of State Madeleine Albright, chairman of the board of directors of the NDI.

    Participants take part in a series of bipartisan panel discussions on the US political process, foreign and domestic policy issues  and media coverage of the presidential race.

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