There are other risks—the protracted US-China trade tensions, the possibility of a no-deal Brexit, and the US-Iran standoff on nuclear deal. On the domestic front, we see challenges arising from severe weather disturbances, and the delays in infrastructure projects. Despite the risks, we remain optimistic that the Philippines provides a unique value proposition that is not short-lived.
Honorable President, Honorable Finance Minister, fellow Governors and distinguished delegates to this 49th Governors’ Conference/High Level Seminar and the Meeting of Board of Governors in Nepal. I look forward to a rewarding discourse and exchange of views and experiences among fellow Governors which will help better deliver our central banking roles and responsibilities. Thank You  2  BIS central bankers’ speeches