Philippines: Report for the June 2005 Post-Program Monitoring Discussions

October 14, 2005

Preview Citation

Format: Chicago

Philippines: Report for the June 2005 Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2005) accessed December 12, 2024

Summary

The staff report for the Post-Program Monitoring highlights economic developments, fiscal policy, and monetary policy. The primary risk to the near-term outlook for the Philippine economy is that the prevailing state of uncertainty proves to be protracted and sidelines economic reforms. Adverse developments in international capital markets are another potential risk. Executive Directors stressed the importance of the authorities pressing ahead with the implementation of their comprehensive reform package in the fiscal, power, and banking sectors, to reduce the vulnerabilities of the Philippine economy.

Subject: Economic sectors, Fiscal consolidation, Fiscal policy, Inflation, Oil prices, Prices, Public debt, Public sector

Keywords: Authorities definition, Budget target, Business dealings, CR, Debt, Fiscal consolidation, GDP, Global, Government, Government balance, Headline inflation, Inflation, ISCR, Net, Oil prices, Public sector

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/372
Stock No:

1PHLEA2005003
ISBN:

9781451831351
ISSN:

1934-7685

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