Philippines: 2013 Article IV Consultation

International Monetary Fund

No 2013/102, IMF Staff Country Reports from International Monetary Fund

Abstract: The Philippines’ macroeconomic fundamentals have improved considerably during the past decade. However, new macrofinancial challenges are emerging. The economy is continuing to adjust to the large persistent inflows from abroad. Transmission of domestic policy interest rates has been weakened by low interest rates abroad and ample domestic liquidity. The continued focus on mobilizing fiscal revenue will help support sustained and inclusive growth, while strengthening resilience to shocks. Improvements in the investment climate would make growth more persistent and support domestic job creation.

Keywords: ISCR; CR; authority; rationalized reserve requirement regime; GDP; Philippines; debt; Philippine authorities; fiscal authorities; current account; Bangko Sentral ng Pilipinas; debt ratio; Remittances; Public investment and public-private partnerships (PPP); Public sector; Global (search for similar items in EconPapers)
Pages: 74
Date: 2013-04-18
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