We expect that it will go down further so that we will see some numbers less than 7 by June next year. The balance of payments has also turned out very much as expected.
Let me extend a warm Filipino welcome to all our guests for joining us in today’s Meet and Greet session with the Philippine Embassy and the US-Philippines Society. During the International Monetary Fund (IMF)-World Bank (WB) Annual Meetings in 2016, I addressed this audience as the Philippine Budget Secretary.