Philippines: 2013 Article IV Consultation

April 18, 2013

Preview Citation

Format: Chicago

Philippines: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 23, 2024

Summary

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.

Subject: Balance of payments, Banking, Economic sectors, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Public sector, Remittances

Keywords: Authority, Bangko Sentral ng Pilipinas, CR, Current account, Debt, Debt ratio, Fiscal authorities, GDP, Global, ISCR, Philippine authorities, Philippines, Public investment and public-private partnerships (PPP), Public sector, Rationalized reserve requirement regime, Remittances

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/102
Stock No:

1PHLEA2013001
ISBN:

9781484359150
ISSN:

1934-7685

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