{
  "title": "Philippines: 2022 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, December 15, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/12/15/philippines-2022-article-iv-consultation-press-release-and-staff-report-526983",
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  "summary": "A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery. While the economy remains fundamentally sound, the new administration will face three important challenges: (1) striking the right policy mix to secure the recovery and safeguard price",
  "sections": [
    {
      "heading": "Overview",
      "content": "- A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery.\n- The economy is described as fundamentally sound.\n- The new administration will face three important challenges:\n  - (1) striking the right policy mix to secure the recovery and safeguard price stability;\n  - (2) building fiscal buffers as insurance against downside risks;\n  - (3) raising the Philippine’s long-term growth."
    },
    {
      "heading": "Key findings and focus areas",
      "content": "- Policy mix: Emphasis on balancing support for the recovery with measures to safeguard price stability.\n- Fiscal policy: Need to build fiscal buffers to insure against downside risks.\n- Growth: Priority on policies to raise long-term growth prospects."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Commercial banks\n- Economic and financial statistics\n- Excises\n- External sector statistics\n- Financial institutions\n- Inflation\n- International organization\n- Monetary policy\n- Prices\n- Public debt\n- Taxes"
    },
    {
      "heading": "Keywords (as listed)",
      "content": "- Bangko Sentral ng Pilipinas\n- Commercial banks\n- Excises\n- External sector statistics\n- food commodity\n- Global\n- Inflation\n- inflation expectation\n- inflation in October\n- staff appraisal"
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      "content": "- Pages: 76\n- Volume: 2022\n- Issue: 369\n- Series: Country Report No. 2022/369\n- DOI: https://doi.org/10.5089/9798400227103.002\n- Stock No: 1PHLEA2022004\n- ISBN: 9798400227103\n- ISSN: 1934-7685\n- Publication date on page: December 15, 2022\n\nInternational Monetary Fund. Philippines: 2022 Article IV Consultation-Press Release; and Staff Report\n\n---\n\n Content in this bundle\n\n- 1phlea2022004\n  - 1phlea2022004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1phlea2022004 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 15, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400227103.002",
    "A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery.",
    "The economy is described as fundamentally sound.",
    "The new administration will face three important challenges:",
    "Policy mix: Emphasis on balancing support for the recovery with measures to safeguard price stability.",
    "Fiscal policy: Need to build fiscal buffers to insure against downside risks.",
    "Growth: Priority on policies to raise long-term growth prospects.",
    "Bangko Sentral ng Pilipinas",
    "food commodity",
    "Global",
    "inflation expectation",
    "inflation in October",
    "staff appraisal",
    "Pages: 76",
    "Volume: 2022",
    "Issue: 369",
    "Series: Country Report No. 2022/369",
    "DOI: https://doi.org/10.5089/9798400227103.002",
    "Stock No: 1PHLEA2022004",
    "ISBN: 9798400227103",
    "ISSN: 1934-7685",
    "Publication date on page: December 15, 2022",
    "**1phlea2022004**"
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