Given that the bulk of the country’s external debt remains in medium and long-term maturity profile and are fixed interest rate bearing, debt repayment schedule is more manageable and financially viable. Ladies and gentlemen, the best is yet to come for the Philippine economy. Prospects for the economy in the near and medium-term continue to be bright.
Robust monetary, financial and external sectors are expected to continue to lend support to the country’s growth despite external threats and domestic challenges.