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Karl Kendrick Chua (Undersecretary, Strategy, Economics, and Results Group at Department of Finance)

Karl Kendrick Chua

Undersecretary, Strategy, Economics, and Results Group at Department of Finance

Karl Kendrick T. Chua is undersecretary for the Strategy, Economics, and Results Group in the Department of Finance. In this capacity, he helps the government achieve its tenpoint socioeconomic agenda by ensuring equitable and sustainable financing through tax reform.

Prior to joining the government, he was the senior country economist of the World Bank for the Philippines. In this capacity, he advised the government on strategies and policies to attain more inclusive growth—the type that creates more and better jobs and reduces poverty. He was with the World Bank for 12 years from 2004 to 2016.

Karl completed his MA in economics in 2003 and PhD in economics in 2011 at the University of the Philippines School of Economics, where he specialized in fiscal policy and tax administration. Prior to joining the World Bank, he was assistant professorial lecturer of mathematics and economics at the Ateneo de Manila University, where he also completed his BS in Management Engineering in 2000. He was consultant for several local and development partner-funded projects in the area of economic and fiscal policy. His first job was in Andersen Consulting as a systems analyst.

He is married and has one child. His hobby is astronomy and his little boy is named after
a star, Keid.

Juvy Cardona Danofrata (Director IV, Research Information Office – Domestic Finance Group of Department of Finance)

Juvy Cardona Danofrata

Director IV, Research Information Office – Domestic Finance Group of Department of Finance

Ms. Danofrata started in DOF in 2004 as a Senior Economist doing tax policy research and analysis and, since then, has spent countless hours in Congress discussing and explaining the government’s policy position to the people’s representatives. 


She has been significantly involved in major fiscal policy measures concerning direct taxation, such as income tax and fiscal incentives. Her most recent task involved the formulation of the reform in income taxation in the recently enacted TRAIN law. At present, she is handling the rationalization of the fiscal incentives system in the country under the 2nd package of the tax reform.

Ms. Danofrata took up the degree Master in Public Policy at the Lee Kuan Yew School of Public Policy, National University of Singapore, with Public Management and Governance as her area of specialization.


She firmly believes in transparency and fairness and has tried to apply this in promoting public policy, especially one that impacts on the people's welfare, such as the tax reform program currently being advocated by the DOF.