The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
The International Monetary Fund (IMF) has urged the Department of Finance (DOF) to enhance its macroeconomic forecasting model as it said the agency lacks a comprehensive system for consistent policy analysis and forecasting. This followed the IMF's recent scoping mission in the Philippines...
WASHINGTON — After Federal Reserve officials meet this week, a statement they will issue may suggest that they've seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts. Yet it's hard to say, because the officials themselves may not know for sure...
The International Monetary Fund (IMF) has downgraded its economic growth forecast for the Philippines from 6.2 percent to six percent for 2024 due to the lower first quarter output growth. The latest gross domestic product (GDP) forecast is lower than the IMF’s previous 6.2 percent...
WASHINGTON — Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy — an indirect jab at Donald Trump. Yellen delivered an address Friday in Arizona, using economic data to paint a picture of how disregard for America's democratic...
KABUL, Afghanistan — The International Monetary Fund on Monday approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout to Pakistan, the global lender said in a statement. Pakistan needs the money to overcome one of the worst economic crises in its history...
DUBAI, United Arab Emirates -- The Israel-Hamas war has devastated the economies of both the embattled Gaza Strip and the occupied West Bank, the International Monetary Fund's chief said Sunday, adding that only "durable peace" would improve the outlook. "The Palestinian economy's dire outlook...
MARRAKESH, Morocco -- The IMF on Tuesday left its top-line global growth forecast for 2023 unchanged, despite significant underlying differences between regions, while lifting its inflation outlook for the next couple of years. The updated World Economic Outlook (WEO) report, released as the...
The Department of Budget and Management (DBM) said it is determined to redouble its efforts in securing the passage of key structural reforms that are vital for maintaining the country's economic growth. Budget Secretary Amenah F. Pangandaman issued a statement on Wednesday, Oct. 4, expressing her...
House Speaker Martin Romualdez (Speaker’s office) The International Monetary Fund (IMF) team's projection of a faster-paced growth in the second quarter for the Philippines is a welcome motivation for local officials, Hous Speaker Martin Romualdez...
The Philippines is working with the International Monetary Fund (IMF) in conducting a study aimed at addressing the low value-added tax (VAT) efficiency in the country. DOF Secretary Benjamin Diokno (Noel B. Pabalate) Finance Secretary Benjamin Diokno disclosed this on Tuesday, May 30, following a...
