This web page presents information about the work of the IMF in the Philippines, including the activities of the IMF Resident Representative Office. Additional information can be found on the Philippines and IMF country page, including IMF reports and Executive Board documents that deal with the Philippines.
At a Glance
At a Glance : Philippines's Relations with the IMF
- Current IMF membership: 190 countries
- Philippines joined the Fund in December 27, 1945; Article VIII
- Quota: SDR 879.90 million
- Outstanding Purchases and Loans: None
- The last Article IV Executive Board Consultation was on July 8, 2014 (Country Report 14/245)
Office Activities
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Money, Transformed: The Future of Currency in A Digital World
Finance and Development Magazine, June 2018
May 30, 2018
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Bloomberg interview on the Philippine Economy
Resident Representative Yongzheng Yang discussed the latest outlook for the Philippines economy in an interview with Bloomberg TV which was aired on November 20, 2017.
November 20, 2017
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Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
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World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
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What We Have Seen and Learned 20 Years After the Asian Financial Crisis
Blog by Mitsuhiro Furusawa
July 13, 2017
IMF's Work on the Philippines
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Transcript of Press Briefing: Asia Pacific Department Regional Economic Outlook April 2024
April 30, 2024
Good morning, everyone. Thank you for attending the IMF's press briefing on the release of the Regional Economic Outlook for Asia and Pacific. I'm Huong Lan (Pinky) Vu from the Communications Department, and joining me today are two speakers. The gentleman next to me, Krishna Srinivasan, Director of the Asia and Pacific Department, and the gentleman on my far left, Thomas Helbling, Deputy Director of the Asia and Pacific Department.
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Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development
April 16, 2024
Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development
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Transcript of Press Briefing: Regional Economic Outlook Update for Asia and Pacific
January 31, 2024
Transcript of Press Briefing: Regional Economic Outlook Update for Asia and Pacific
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IMF Executive Board Concludes 2023 Article IV Consultation with the Philippines
December 15, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV consultation with the Philippines.
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December 15, 2023
Series:Country Report No. 2023/415
April 29, 2024
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Read the Report