European Parliament Library

Philippines :, 2010 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Philippines

After the global financial crisis, economic growth of the Philippines has increased. However, renewed shocks to global growth and financial markets would affect Philippine exports and remittances. The Bangko Sentral ng Pilipinas (BSP) appropriately has started to unwind its liquidity support measures since early 2010. Traditional toolkits are available for managing external inflows. The planned gradual withdrawal of fiscal stimulus and the focus on medium-term consolidation are welcomed. Public–private partnership programs can play an important role, and a medium-term Philippine development plan could also be prepared
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Recent Economic Developments and Outlook; A. A Strong Recovery; Figures; 1. Economic Recovery; B. A Favorable Near-Term Outlook and Medium-Term Prospects; 2. Balance of Payments and External Adjustment; 3. Monetary Policy and Inflation; 4. Public Finances; III. Policies: Preserving Macroeconomic Stability and Enhancing Growth; Boxes; 1. Potential Growth and Prospects; A. Normalizing the Monetary Stance; B. Managing External Inflows; 2. Implications of Long-Term Trends in Remittances for the Equilibrium Exchange Rate
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
Form Of Item

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