Philippines : 2010 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Philippines

Publication Date: March 01, 2011
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Summary: After the global financial crisis, economic growth of the Philippines has increased. However, renewed shocks to global growth and financial markets would affect Philippine exports and remittances. The Bangko Sentral ng Pilipinas (BSP) appropriately has started to unwind its liquidity support measures since early 2010. Traditional toolkits are available for managing external inflows. The planned gradual withdrawal of fiscal stimulus and the focus on medium-term consolidation are welcomed. Public–private partnership programs can play an important role, and a medium-term Philippine development plan could also be prepared.
Series: Country Report No. 11/59
Subject(s): Article IV consultation reports | Capital inflows | Debt sustainability analysis | Economic indicators | Economic recovery | Fiscal consolidation | Staff Reports

Publication Date: March 01, 2011
ISBN/ISSN: 9781455219964/1934-7685 Format: Paper
Stock No: 1PHLEA2011002 Pages: 61
US$18.00 (Academic Rate:
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