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...
Speaker Martin Romualdez (center, back row) briefs International Monetary Fund (IMF) mission members on the reforms being implemented by the Philippine government. (Speaker's office) House Speaker Martin Romualdez shared on Friday afternoon, May 12 how the country's economic performance under...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez attended on Saturday, April 15 (Philippine time) the lecture on Digital Public Infrastructure at the International Monetary Fund (IMF) headquarters in Washington D.C. in the United States (US). The lecture is part of...
WASHINGTON, United States (AFP) – The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising...
WASHINGTON, United States (AFP) – The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP on Tuesday. Prices around the world have surged since the rapid reopening of the global economy after the...
The Marcos administration's economic team will be in the United States (US) this week to paint a resilient, fast-growing, open, united, and politically stable Philippines on the sidelines of the World Bank-International Monetary Funk (WB-IMF) Spring Meetings in Washington, D.C. *Malacañang photo*...
ISLAMABAD, Pakistan -- An IMF team left Pakistan on Friday after crisis talks with the government failed to deliver a deal on financial aid that would help the South Asian country avert economic collapse. After months of deadlock, the International Monetary Fund arrived last week for last-ditch...
ZURICH, Switzerland — The International Monetary Fund (IMF) lauded President Ferdinand "Bongbong" Marcos Jr. for his leadership amid the various " more complex challenges" that the Philippines faced. President Ferdinand ‘Bongbong’ Marcos Jr. and International Monetary Fund managing director...
