More reforms are in the pipeline. On the part of the BSP, we are pushing for amendments to the Bank Secrecy Act, the Financial Consumer Protection bill, and the Agri-Agra law, among others.
The Executive Department is pushing for other structural reforms, such as, the opening up of more sectors to foreign investments, forging of free-trade agreements with more countries, and more tax reforms, among others. Amid the policy reform momentum, the Philippines is expected to graduate into an upper middleincome economy this year.