If anything, the pandemic has taught us that digitalization is no longer desirable to have, but a must-have. Like other ASEAN nations, the Philippines aims to regain and surpass opportunities lost to the COVID crisis. We want an economy that is stronger and more technologically advanced than ever before. One way of achieving this is through financial digitalization.
The discussion would be based on background papers, which would be commissioned from both traditional sources like the IMF, as well as non-traditional sources like the group of academics and EM central banks. These papers would attempt to isolate the nature of spillovers as well as their magnitude, and attempt a preliminary classification of policy actions.