Apart from this, sufficient liquidity in the domestic financial system, as well as the increased tapping by corporates of long-term domestic funding for their expansion needs, will help reduce the influence or effects of external developments on our markets. As always, should there be need for more liquidity in the system, the BSP will act to maintain order and stability in the markets.
As the country pursues further reforms that support growth and reduce our vulnerabilities to external shocks, I ask investors to focus on our fundamentals. I am confident that this pattern of strong macroeconomic fundamentals will be sustained and favor a constellation of bullish opportunities and expectations for the Philippine economy. BIS Review 100/2007  3