Philippines: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines

August 6, 2021

Preview Citation

Format: Chicago

Philippines: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Summary

The economy is recovering after a major, pandemic-induced economic downturn. The authorities have deployed a comprehensive set of policy responses that have helped to mitigate the socioeconomic impact and maintain financial stability. The economic recovery slowed in the first half of 2021 due to a second wave of COVID-19 infections. Vaccination has started and is poised to accelerate from midyear.

Subject: Budget planning and preparation, COVID-19, Economic growth, Economic recovery, Financial regulation and supervision, Fiscal policy, Fiscal stimulus, Health, International organization, Liquidity requirements, Monetary policy, Public financial management (PFM)

Keywords: Budget planning and preparation, COVID-19, CPI data, Economic recovery, Financial asset, Fiscal stimulus, FSI website, Global, Government transaction, Headline inflation, IMF capacity development assistance, Inflation outlook, Liquidity requirements, Money market rate

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/177
Stock No:

1PHLEA2021002
ISBN:

9781513586519
ISSN:

1934-7685

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