Philippines: Ensuring Debt Sustainability through Fiscal Consolidation
The pre-pandemic period was often cited as one of the most successful episodes of fiscal consolidation in the Philippines.
The pre-pandemic period was often cited as one of the most successful episodes of fiscal consolidation in the Philippines.
Philippine banks experienced a significant increase in non-performing loans at the beginning of the COVID-19 pandemic in 2020.
Presentation for the 2021 Annual Consultation Report on the Philippines press briefing.
The Philippine economic recovery from the COVID-19 pandemic continues to gain traction. AMRO forecasts the GDP to grow strongly by 6.9 percent in 2022 and moderate to 6.5 percent in…
The Philippine economic recovery from the COVID-19 pandemic continues to gain traction. AMRO forecasts the GDP to grow strongly by 6.9 percent in 2022 and moderate to 6.5 percent in 2023.
The Philippine economic recovery from the COVID-19 pandemic continues to gain traction.
Economic recovery in the Philippines is firmly on track — despite the recurrent waves of COVID-19 infections in 2021 — and is expected to speed up following further relaxation of mobility restrictions and continued policy support.
Before COVID, digital finance in the Philippines was seen as “nice to have.” It is now a “must have.” As a result, digital finance providers in the country are benefitting from more promising market prospects, in an environment where demand for financial services has been amplified by the population’s low penetration of financial services.
In an interview on ABS-CBN Market Edge, AMRO Chief Economist, Dr. Hoe Ee Khor, discussed AMRO’s Annual Consultation Report on the Philippines and the country’s economic recovery to pre-pandemic levels by next year
Can the Philippines inject additional stimulus into the economy and still maintain fiscal sustainability? The answer is that the country needs to spend more to achieve strong economic recovery in the face of the coronavirus-led recession. And the good news is, it can afford to do so, and maintain debt sustainability at the same time.