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Philippines Resident Representative Site

Resident Representative Office in the Philippines

This web page presents information about the work of the IMF in the Philippines, including the activities of the IMF Resident Representative Office. Additional information can be found on the Philippines and IMF country page, including IMF reports and Executive Board documents that deal with the Philippines.

Advancing Asia Conference

News — Highlights

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The Sunrise region

“Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, May 7, 2015 click for more

More reforms for lower risks

“Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, October 14, 2014 click for more

Global interest rates and spillovers

“Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, September 24, 2014 click for more

So much to gain from the AEC

“Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, June 17, 2014 click for more

AEC 2015: Opportunities and challenges

“Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, May 20, 2014 click for more

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Philippines and the IMF

Press Release: IMF Launches Youth Video Contest in Asia

December 29, 2015

Leaders Unite in Calling for a Price on Carbon Ahead of Paris Climate Talks

October 19, 2015

Statement by the Hon. Amando M. Tetangco, Jr., Governor of the IMF for Philippines

October 9, 2015
PDF File Size: 579Kb click for more

Statement by the Hon. Cesar V. Purisima, Governor of the World Bank Group for Philippines

October 9, 2015
PDF File Size: 354Kb click for more

The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries

September 29, 2015
Author/Editor: Tao Sun
Series: Working Paper No. 15/211
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Regional Economic Outlook Update: Asia and Pacific

image from the publication cover

While Asia's growth has recently disappointed, the region is expected to grow at a steady 5.4 percent in 2015-16, remaining the global growth leader. Asia's growth should benefit from relatively strong labor markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Across most major Asian economies, lower commodity prices should help consumption. Negative risks to growth dominate, especially the possibility of a sharper slowdown in China or larger spillovers from the changing composition of China's demand. In addition, further U.S. dollar strength accompanied by a sudden tightening of global financial conditions, weaker growth in Japan, and weaker regional potential growth could also dim Asia's growth prospects. High leverage could amplify shocks, and lower commodity prices will also hurt corporate investment in key commodity-producing sectors. All in all, despite its resilient outlook, Asia is facing a challenging economic environment. This calls for carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth. Click for more

Resident Representative for Philippines

Shanaka Jayanath Peiris
Shanaka Jayanath Peiris
Rm 407 5-Storey Building
BSP Complex
A. Mabini Street, Malate
Manila 1004
Tel Nos.: 632 708-7484/ 708-7793
Fax No.: 632 708-7483
E-Mail: RR-PHL@imf.org

IMF Video: APD Regional Economic Outlook Press Briefing, October 10, 2015