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PBBM, IMF Chief Tackle Reforms To Sustain Philippines Economic Growth

Officials said the reforms will help ensure sustainable economic development.

PBBM, IMF Chief Tackle Reforms To Sustain Philippines Economic Growth

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The Philippines remains committed to pursuing reforms and sound economic policies to ensure stability and resilience amid global uncertainties, President Ferdinand R. Marcos Jr. said on Saturday.

In a Facebook post, Marcos shared details of his meeting with International Monetary Fund (IMF) managing director Kristalina Georgieva to discuss the Philippines’ economic outlook and reforms aimed at keeping the country’s growth trajectory stable.

Marcos said the discussions covered the country’s economic priorities and ongoing efforts to sustain growth.

He said cooperation with international partners such as the IMF plays an important role in supporting the country’s economic agenda.

“With discipline, sound policy and cooperation with partners such as the IMF, we will keep the Philippine economy stable and growing,” he said.

Marcos said the meeting also touched on the Philippines’ priorities for its chairship of the Association of Southeast Asian Nations (ASEAN).

He stressed that policy discipline, structural reforms and strong international partnerships will help make the Philippine economy more robust.

“I met with International Monetary Fund Managing Director Kristalina Georgieva to discuss the Philippines’ economic outlook, our priorities for our ASEAN chairship, and the reforms we continue to pursue to keep our nation on a steady path of growth,” Marcos said.

In an exclusive interview with the Philippine News Agency, Georgieva said the IMF expects the Philippine economy to outperform the regional average growth of 4.3 percent, citing ongoing reforms that could unlock stronger long-term expansion.

The IMF is a global financial institution that aims to promote international monetary cooperation, ensure financial stability, and facilitate sustainable economic growth among its 191 member countries. (PNA)