Philippines: 2013 Article IV Consultation
April 18, 2013
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Balance of payments, Banking, Economic sectors, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Public sector, Remittances
Keywords: authority, Bangko Sentral ng Pilipinas, CR, current account, debt, debt ratio, fiscal authorities, GDP, Global, ISCR, Philippine authorities, Philippines, Public investment and public-private partnerships (PPP), Public sector, rationalized reserve requirement regime, Remittances
Pages:
74
Volume:
2013
DOI:
Issue:
102
Series:
Country Report No. 2013/102
Stock No:
1PHLEA2013001
ISBN:
9781484359150
ISSN:
1934-7685
