The country’s strong macroeconomic fundamentals, low debt-to-GDP ratio, build-up of gross international reserve, and resilient banking system are expected to further boost the strength of the local currency. In sum, these numbers suggest a resilient Philippine economy.
BIS Review 43/2004  3  I strongly hope that the discussion of postal savings privatization will produce a concrete blueprint, which contributes to fair competition and further innovation in the financial system. II.