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

Author/Editor:

International Monetary Fund

Publication Date:

February 20, 2009

Electronic Access:

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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.

Series:

Country Report No. 09/62

Subject:

English

Publication Date:

February 20, 2009

ISBN/ISSN:

9781451831436/1934-7685

Stock No:

1PHLEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

62

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