On the external sector, our policies will be geared toward: (1) ensuring sustainability of the country’s external debt; (2) maintaining a market-determined exchange rate with scope for occasional official action in cases of extreme movements in the peso; (3) maintaining a comfortable level of reserves; and (4) improving the foreign exchange environment further through forex deregulation.
By bringing in Community Development, we brought in a new perspective, one that has an explicit focus on low- and moderate-income communities.