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Philippines Resident Representative Site

Resident Representative Office in the Philippines

This web page presents information about the work of the IMF in the Philippines, including the activities of the IMF Resident Representative Office. Additional information can be found on the Philippines and IMF country page, including IMF reports and Executive Board documents that deal with the Philippines.

News — Highlights

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More reforms for lower risks

“Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, October 14, 2014 click for more

Philippines: Fostering Stronger and more Inclusive Growth

Presentation by Anoop Singh at the Philippines Institute of Development Studies, March 12, 2013 click for more

Growth Resuming, but Dangers Remain

Article Published in Businessworld by Dennis Botman, Resident Representative to the Philippines, May 2012 click for more

Safe Assets

Article Published in Businessworld by Dennis Botman, Resident Representative to the Philippines, April 2012 click for more

Targets and Instruments

Article Published in Businessworld by Dennis Botman, Resident Representative to the Philippines, March 2012 click for more

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Philippines and the IMF

Statement by the Hon. Rosalia V. De Leon, Alternate Governor of the World Bank Group for Philippines

October 10, 2014
PDF File Size: 148Kb click for more

Statement by the Hon. Amando M. Tetangco, Jr., Governor of the IMF for Philippines

October 9, 2014
PDF File Size: 447Kb click for more

Public Investment as an Engine of Growth

August 11, 2014
Author/Editor: Andrew M. Warner
Series: Working Paper No. 14/148
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Philippines: 2014 Article IV Consultation-Staff Report; Press Release

August 8, 2014
Series: Country Report No. 14/245 click for more

Philippines: Selected Issues

August 8, 2014
Series: Country Report No. 14/246 click for more

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Regional Economic Outlook Update: Asia and Pacific

image from the publication cover

Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up. Click for more