As indicated in the most recent communique in Cairns, preliminary analysis by international organisations such as the International Monetary Fund and the OECD indicates that measures committed to thus far by G20 countries will lift our collective GDP by an additional 1.8 per cent through to 2018, including from important positive spill overs.
Just two weeks ago, the Monetary Board approved the abolition of some fees charged for the participation in the Philippine Payments and Settlements System (PhilPaSS).