Emerging markets like Ph fast catching up in ESG bond sales
Emerging market economies like the Philippines are fast catching up with their developed neighbors in selling so-called sustainable finance tools.
How the Philippines balances its fiscal accounts makes the IMF somewhat a worry wart
The International Monetary Fund (MF) is urging developing countries like the Philippines to carefully consider the impact of fiscal and monetary adjustments on the lives of the ordinary man on the street as authorities soon begin to rein in gaping budget shortfalls, a monstrous public sector debt and rising interest rates.
Regulators explain cuts in foreign currency reserves of only $107.69B as due to government debt payments
The balance of payments (BOP), or what is left of the country’s foreign currency earnings after deducting expenses, stood as a deficit in January this year, mainly as a result of maturing national government debt that had to be paid.