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.
At a Glance
At a Glance : Philippines's Relations with the IMF
- Current IMF membership: 190 countries
- Philippines joined the Fund in December 27, 1945; Article VIII
- Quota: SDR 879.90 million
- Outstanding Purchases and Loans: None
- The last Article IV Executive Board Consultation was on July 8, 2014 (Country Report 14/245)
Office Activities
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Money, Transformed: The Future of Currency in A Digital World
Finance and Development Magazine, June 2018
May 30, 2018
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Bloomberg interview on the Philippine Economy
Resident Representative Yongzheng Yang discussed the latest outlook for the Philippines economy in an interview with Bloomberg TV which was aired on November 20, 2017.
November 20, 2017
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Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
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World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
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What We Have Seen and Learned 20 Years After the Asian Financial Crisis
Blog by Mitsuhiro Furusawa
July 13, 2017
IMF's Work on the Philippines
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Philippines: Developing a Regulatory and Supervisory Framework for Operational Resilience
May 12, 2023
Author/Editor:Rangachary Ravikumar | Paul Williams
Series:High Level Summary Technical Assistance Report No. 2023/004 -
IMF Climate Capacity Development (CD) Partnership Forum—First Meeting
May 4, 2023
We deliver Climate Capacity Development not only from our headquarters in Washington, but also through our 17 Regional Capacity Development Centers, and our network of long-term experts in the field.
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Philippines: Technical Assistance Report-Property Price Index Mission
January 23, 2023
Series:Country Report No. 2023/041
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Philippines: 2022 Article IV Consultation-Press Release; and Staff Report
December 15, 2022
Series:Country Report No. 2022/369
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December 15, 2022
Series:Country Report No. 2022/370
May 1, 2023
Despite weakening external demand and monetary tightening, domestic demand has so far remained strong, with China’s reopening providing fresh impetus. IMF Asia and the Pacific remains a dynamic region despite the somber backdrop of what looks to be shaping up as a challenging year for the world economy. Global growth is poised to decelerate as rising interest rates and Russia’s war in Ukraine weigh on activity. Inflation remains stubbornly high, and banking strains in the United States and Europe have injected greater uncertainty into an already complex economic landscape. Asia’s domestic demand has so far remained strong despite monetary tightening, while external appetite for technology products and other exports is weakening. We project the region will contribute around 70 percent of global growth this year as its expansion accelerates to 4.6 percent from 3.8 percent in last year. China’s reopening will provide fresh momentum. Normally the strongest effect would be from demand for investment goods in China, but this time the biggest effect is from demand for consumption. Other emerging economies in the region are on track to enjoy solid growth, though in some cases at slightly lower rates than seen last year.Read the Report