The Institute of International Finance (IIF) reported the Philippines as a leader in investor relations (IR) practices among emerging markets and developing countries.
In the latest 2024 IIF Investor Relations and Debt Transparency Report, the Philippines received a score of 48.8 out of 50, surpassing last year's score of 47.8 and securing the top rank among the 50 countries assessed.
According to the IIF, the Philippines excelled in meeting 83 percent of all IR assessment criteria, after positioning itself among the top five countries with the highest IR scores in 2023 and 2024.
The IIF also commended the Philippines for providing substantial evidence and information, including non-traditional aspects not typically covered in IR surveys.
Despite leading the survey, the IIF still noted areas for improvement for the Philippines.
These include adopting the Special Data Dissemination Standard Plus (SDDS Plus) set by the International Monetary Fund (IMF).
The IIF recommended that policy and macroeconomic information be shared with the investor community via email at least bi-weekly and that investor conference calls be archived on the government website.
In the 2024 IIF ranking, Indonesia secured the second-highest score of 48.7, followed by Türkiye with 48.3, Brazil with 47.5, and Hungary with 47.2.
The Philippines made significant progress by advancing in the IR survey from 12th in 2022 to third in 2023 among the 41 evaluated emerging markets and developing countries.