Cosette Canilao, the Executive Director of the Philippines Public private partnership (PPP) Center, has resigned from her post effective March 8.

According to her resignation letter, Cosette Canilao has taken the decision to leave the PPP center due to family concerns. She reported in the letter:

"It is with a heavy heart that I am resigning from my post due to pressing family concerns."

Under the Aquino government, the PPP Center have awarded a total of 12 PPP contracts and the government is currently bidding out 14 other PPP projects. As the head of the agency, she has instituted several structural reforms and spearheaded many policy enhancements for PPPs.

Prior to joining government, she was a Director of Standard Bank where she served as President and CEO of the bank’s various SPV companies. She is also a former partner of PricewaterhouseCoopers (Pwc) where she headed the Crisis Management Practice and Financial Services (FS) Industry consulting.

Ms. Canilao received her Masters of Science in Finance degree from the University of the Philippines and has attended executive programs at the Harvard Business School and Harvard Kennedy School of Government. 

Cosette Canilao stated:

"I am glad to report that I am leaving a strong institution--the PPP Center. It is manned by dedicated public servants who are invigorated and inspired by His Excellency's Daang Matuwid. I am likewise proud to report that the Philippine's PPP Program, whose framework was created under His Excellency's EG 8, is now considered as one of the best PPP frameworks in the world."

"Having said that, there is a need for continuous adaptation and evolution as we roll-out and implement more infrastructure projects. The leaderships and staff in PPP Center are equipped and prepared to undertake the next steps."