Thank you for listening to me. 2  BIS central bankers’ speeches
In closing, allow me to give the following take-away points: First, the Philippines will remain among the fastest growing economies in the region and the world; Second, amid external headwinds, sustained growth will be supported by healthy external payments position and strong domestic demand; Third, robust, sustainable, and more inclusive economic growth will be supported both by “soft” or policy reforms and “hard” or physical infrastructure reforms; and Fourth, the reform momentum will push the Philippines to its next stage of development where it enjoys Single A credit ratings in the next two years or so, and where it becomes a high-income economy in two decades.