Philippines : 2010 Article IV consultation : staff report, staff statement, public information notice on the Executive Board discussion, and statement by the Executive Director for Philippines /
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| Imprint: | Washington, D.C. : International Monetary Fund, ©2011. |
|---|---|
| Description: | 1 online resource (61 pages). |
| Language: | English |
| Series: | IMF country report ; no. 11/59 IMF country report ; no. 11/59. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499122 |
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| 050 | 4 | |a HC59.15.I15 |b No. 11/59eb | |
| 245 | 0 | 0 | |a Philippines : |b 2010 Article IV consultation : staff report, staff statement, public information notice on the Executive Board discussion, and statement by the Executive Director for Philippines / |c prepared by staff representatives for the 2010 consultation with the Philippines. |
| 246 | 3 | 0 | |a Philippines, 2010 Article IV consultation |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c ©2011. | ||
| 300 | |a 1 online resource (61 pages). | ||
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| 490 | 1 | |a IMF country report ; |v no. 11/59 | |
| 588 | 0 | |a Online resource; title from PDF title page (IMF Web site, viewed June 24, 2011). | |
| 520 | |a 1. The Philippine economy is poised at a key moment as the recovery from the global downturn and positive sentiment in the country provide a window of opportunity for moving ahead decisively with reforms to raise inclusive growth. After slowing sharply in 2009, economic growth recovered to 7 1/2 percent (year/year) during the first three quarters of 2010. The smooth passage of the presidential and legislative elections in May 2010 and transition to a new administration in July 2010, as well as the government's resolve to address longstanding impediments to investment and growth, have buoyed confidence. Meanwhile, inflation has remained low and burgeoning external inflows have contributed to a sizable balance of payments surplus. In November 2010, Standard and Poor's upgraded to BB its rating of Philippine long-term foreign currency debt in recognition of the country's stronger financial position. | ||
| 505 | 0 | |a Cover; Contents; Executive Summary; I. Introduction; II. Recent Economic Developments and Outlook; A.A Strong Recovery; Figures; 1. Economic Recovery; B.A Favorable Near-Term Outlook and Medium-Term Prospects; 2. Balance of Payments and External Adjustment; 3. Monetary Policy and Inflation; 4. Public Finances; III. Policies: Preserving Macroeconomic Stability and Enhancing Growth; Boxes; 1. Potential Growth and Prospects; A. Normalizing the Monetary Stance; B. Managing External Inflows; 2. Implications of Long-Term Trends in Remittances for the Equilibrium Exchange Rate. | |
| 505 | 8 | |a 3. Capital Flows to the Philippines: Determinants and RisksC. Fiscal Consolidation through Higher Revenue; D. Maintaining and Strengthening Financial Sector Resilience; 5. Financial Stability and Asset Prices; E. Setting the Stage for Faster and More Inclusive Long-Term Growth; IV. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2007-11; 2. National Government Cash Accounts, 2007-11; 3. Balance of Payments, 2007-11; 4. Depository Survey, 2007-10; 5. Baseline Medium-Term Outlook, 2008-15; 6. Banking Sector Indicators, 2007-10; 7. Indicators of External Vulnerability, 2007-11. | |
| 505 | 8 | |a AppendixI. Debt Sustainability Analysis; Contents; I. Fund Relations; II. Bank-Fund Collaboration; III. Relations with the Asian Development Bank; IV. Statistical Issues. | |
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