Overview of a part of Metro Manila. Road conditions can be symptomatic of growth of a nation’s economy, or its lack thereof. (Picture taken by LEO M. SABANGAN)
MANILA, Philippines — Some delegates of the International Monetary Fund (IMF) appears to have been impressed with the growth in the country’s economy and the government’s policies for development.
This is based on the observation of House Speaker Ferdinand Martin Romualdez on Friday.
Romualdez and other lawmakers met the IMF representatives and briefed them about the “pro-poor reforms being implemented” by government.
“From our discussions, I could confidently say the IMF mission members were impressed with the Philippines’ economic performance and government’s economic agenda. They expressed confidence the Philippines will continue to grow strongly in the years ahead,” he added.
Romualdez quoted IMF mission chief Jay Peiris as having agreed with the Marcos administration’s goals and reforms.
In a statement, the Speaker quoted Peiris as having said,“everything is going in the right direction. Philippine economy is solid, though the country should be ready to respond to any shock.”
Aside from Peiris, Romualdez also talked with IMF resident representative Ragnar Gudmundsson, Senior Economist Yinqiu Lu, and Economist Tristan Hennig.
Romualdez was joined in the meeting by Marikina 2nd District Rep. Stella Quimbo and House Secretary General Reginald Velasco.
RELATED STORIES:
Philippines’ GDP growth above-target at 6.4% in Q1 2023
Romualdez says ‘economy is in good hands’