Philippines: Report for the June 2005 Post-Program Monitoring Discussions
IMF Staff Country Reports, October 14, 2005
Source details
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- Philippines: Report for the June 2005 Post-Program Monitoring Discussions
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Bibliographic details
- Published: October 14, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831351.002
Major themes covered
- Economic developments
- Fiscal policy
- Monetary policy
Key findings and analysis
- The staff report highlights economic developments, fiscal policy, and monetary policy as central elements of the assessment.
- The primary risk to the near-term outlook is that the prevailing state of uncertainty proves to be protracted and sidelines economic reforms.
- Adverse developments in international capital markets are identified as another potential risk.
- Executive Directors emphasized the importance of reducing vulnerabilities in the Philippine economy through implementation of reforms.
Risks and scenarios
- Protracted uncertainty that delays or derails economic reform implementation.
- Deterioration or adverse developments in international capital markets affecting the Philippine outlook.
Policy recommendations and priorities
- Press ahead with the implementation of the authorities’ comprehensive reform package in:
- Fiscal sector
- Power sector
- Banking sector
- Implementation of these reforms is presented as essential to reduce the vulnerabilities of the Philippine economy.
International Monetary Fund — Philippines: Report for the June 2005 Post-Program Monitoring Discussions
Content in this bundle
- Executive Summary