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December 06, 2022

IMF Staff concludes 2022 Article IV Mission to the Philippines

The annual visit was wrapped up on Monday, 26 September 2022.

The International Monetary Fund team conducted and concluded its discussions on the Philippine economy for the 2022 Article IV Consultation from September 12‑26, 2022.

The IMF said in its statement that the country has successfully emerged from one of the world’s strictest pandemic lockdowns, thanks to sustained reforms and disciplined macroeconomic policies that contained financial vulnerabilities and mitigated the hardships faced by the poor.

In summary, the Philippine economy remains fundamentally sound, with risks related to uncertain global environment, particularly on: (i) policy mix; (ii) fiscal buffers; and (iii) raising long term growth.