Philippines: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines

February 20, 2009

Preview Citation

Format: Chicago

Philippines: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines, (USA: International Monetary Fund, 2009) accessed October 10, 2024

Summary

The staff report for the Philippines’ 2008 Article IV Consultation is focused on economic developments and policies. A deepening of the global economic downturn presents downside risks to this outlook. Inflation is expected to reach 9½ percent in 2008 and decline to 6 percent in 2009, led by a decline in commodity prices and weaker demand. Bank surveillance has been strengthened and steps have been taken to reduce risks related to off-balance sheet activities.

Subject: Banking, Economic sectors, External debt, Fiscal policy, Global financial crisis of 2008-2009, Inflation, Prices, Public debt, Public sector

Keywords: Asia and Pacific, Bank capital, CR, Economy, Exchange rate, Excl. privatization, Excl. privatization receipt, Global, Headline inflation, Inflation, Inflation outlook, ISCR, Middle East, Net, Privatization receipt, Public sector

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/062
Stock No:

1PHLEA2009001
ISBN:

9781451831436
ISSN:

1934-7685

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