## Philippines: Report for the June 2005 Post-Program Monitoring Discussions

_IMF Staff Country Reports, October 14, 2005_

## Source details

**Canonical URL:** [Philippines: Report for the June 2005 Post-Program Monitoring Discussions](https://www.imf.org/en/publications/cr/issues/2016/12/31/philippines-report-for-the-june-2005-post-program-monitoring-discussions-18630)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/philippines-report-for-the-june-2005-post-program-monitoring-discussions-18630/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/philippines-report-for-the-june-2005-post-program-monitoring-discussions-18630/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/philippines-report-for-the-june-2005-post-program-monitoring-discussions-18630/bundle-manifest.json)

## Bibliographic details
- Published: October 14, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831351.002

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### 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*

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05372.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05372.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/philippines-report-for-the-june-2005-post-program-monitoring-discussions-18630_