IMF Staff Country Reports

Philippines: 2013 Article IV Consultation

Publication Date:

April 18, 2013

Electronic Access:

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Summary:

The Philippines’ macroeconomic fundamentals have improved considerably during the past decade. However, new macrofinancial challenges are emerging. The economy is continuing to adjust to the large persistent inflows from abroad. Transmission of domestic policy interest rates has been weakened by low interest rates abroad and ample domestic liquidity. The continued focus on mobilizing fiscal revenue will help support sustained and inclusive growth, while strengthening resilience to shocks. Improvements in the investment climate would make growth more persistent and support domestic job creation.

Series:

Country Report No. 2013/102

Subject:

Balance of payments Banking Economic sectors Expenditure External debt Public debt Public investment and public-private partnerships (PPP) Public sector Remittances