Philippines: Staff Report for the 2006 Article IV Consultation

February 13, 2007

Preview Citation

Format: Chicago

Philippines: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

The 2006 Article IV Consultation on the Philippines discusses stronger exports and reduced inflation, with the 12-month rate back within the inflation target. Remittances have continued to grow strongly, and the balance of payments received additional support in the second half of 2006 from weaker oil prices. Continued reforms are necessary to boost investment and accelerate progress in reducing poverty. Executive Directors observed that stock of repossessed real estate assets remains large and that solving this problem will be key to allowing the banking sector to contribute to investment recovery.

Subject: Banking, Economic sectors, External debt, Foreign exchange, Inflation, Prices, Public debt, Public sector

Keywords: Better-than-programmed National Government, CR, Deficit, Deficit target, Fiscal policy reform, Global, Inflation, Inflation outlook, ISCR, Market participant, Policy, Policy stance, Privatization receipt, Public sector, Staff Report state, Statement

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/062
Stock No:

1PHLEA2007001
ISBN:

9781451831399
ISSN:

1934-7685

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