Philippines: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines

August 6, 2021

Summary

The economy is recovering after a major, pandemic-induced economic downturn. The authorities have deployed a comprehensive set of policy responses that have helped to mitigate the socioeconomic impact and maintain financial stability. The economic recovery slowed in the first half of 2021 due to a second wave of COVID-19 infections. Vaccination has started and is poised to accelerate from midyear.

Subject: Budget planning and preparation, COVID-19, Economic growth, Economic recovery, Financial regulation and supervision, Fiscal policy, Fiscal stimulus, Health, International organization, Liquidity requirements, Monetary policy, Public financial management (PFM)

Keywords: Budget planning and preparation, COVID-19, CPI data, Economic recovery, financial asset, Fiscal stimulus, FSI website, Global, government transaction, headline inflation, IMF capacity development assistance, inflation outlook, Liquidity requirements, money market rate

Pages:
80
Volume:
2021
DOI:
https://doi.org/10.5089/9781513586519.002
Issue:
177
Series:
Country Report No. 2021/177
Stock No:
1PHLEA2021002
ISBN:
9781513586519
ISSN:
1934-7685

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