Looking ahead in the year, the peso is expected to remain stable, supported by structural inflows from exports, overseas Filipino remittances, BPO receipts, and foreign direct investments. Meanwhile, the country’s external sector continues to provide sufficient buffers to ward off the potential adverse effects of external headwinds.
We need to be realistic as to what can be achieved. In that regard, I believe the best solutions will not lie in grand designs, but rather will be relatively modest and incremental in nature.