The Philippines sees a significant improvement in its Investor Relations (IR) Country Score, rising from 12th to 3rd place in 2023, according to the Institute of International Finance (IIF).
The country’s enhanced public access to macroeconomic, ESG and policy information data contributed to its improved ranking, with the Bangko Sentral ng Pilipinas (BSP) leading the government’s IR program.
The country’s proactive engagement with investors and transparency efforts have been recognized, highlighting its effective communication of economic reforms and commitment to sound structural reforms.
Outgoing BSP Governor Felipe M. Medalla acknowledges the recognition and highlights the success of the Philippines in communicating economic reforms to investors and stakeholders.
“The IIF assessment highlights the success of the Philippines in communicating the strength and resilience of the country’s macroeconomic fundamentals and the continuity of sound structural reforms to investors and other stakeholders,” said Medalla.
The country secured the third spot with a score of 47.8 out of 50, following Indonesia and Turkey who both scored 48.4. Colombia and Brazil also made it to the top five.