In addition, the Bangko Sentral engages in a variety of informal interactions with the other branches of government through appearances in committee hearings in both houses of Congress and its participation in various government inter-agency committees and working groups. In other words, we invest time and resources to communicate our policies and programs with other branches of government. IV.
Despite collective efforts to address systemic weaknesses, Europe continues to struggle with economic and socio-political obstacles to the implementation of much-needed rehabilitation and reform measures… The economic outlook in the US is also uncertain, as unemployment remains elevated and private sector demand continues to be weak… and the so-called “fiscal cliff” continues to limit the room for fiscal stimulus.