External Stability • As a small open economy dependent on imports of a variety of goods such as medicine, food, fuel, machinery, etc. we need to maintain a sufficient level of foreign reserves otherwise there will be pressures on our exchange rate.
LGU officials, on the other hand, should implement national rules and provide the necessary personnel, supplies, and health facilities to control the spread of the virus. Ladies and gentlemen, even as we are occupied by the present challenges, let us not lose track of where we want to go as a nation.