I’ve heard of a popular soap opera called “Scandal!” on South African television, which embedded a storyline on excessive borrowing some years ago and which is considered to have had a positive impact on the viewers’ financial knowledge.17 And recently, the central bank of Jamaica got a lot of attention for tweeting reggae-inspired music videos with lyrics like: “Low and stable inflation is to the economy what the bassline is to reggae music”.
In October 2014, Moody’s joined Standard and Poor’s in rating the Philippines one notch above the minimum investment-grade credit rating. In raising the rating, Moody’s cited the government’s ongoing efforts to reduce debt, improve fiscal management, and minimize vulnerability to external developments. Risks moving forward in 2015 Moving forward, what do we see in 2015?