This Systematic Country Diagnostic (SCD) identifies a four-part diagnosis of the constraints to the Philippines achieving its Ambisyon Natin 2040 goals. First, the country can enact policies that maintain its high rates of growth but also make that growth more inclusive and generate good jobs. Second, investments in human capital can ensure that Filipinos can lead healthy lives and have the skills for those jobs. Third, the Philippines can build its resilience to natural disasters and the looming climate crisis, while continuing to build peace in Mindanao. The common thread across all these challenges is the need for follow-through and implementation, which points to governance as the core cross-cutting challenge. The SCD addresses these thematic areas-inclusive growth and jobs, human capital, resilience, and governance-in turn.