Amando M Tetangco, Jr: Recent economic developments – challenges and policy implications Remarks by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas), at the Fund Managers Association of the Philippines’ Induction of Officers, Makati, 13 February 2008.
Let me share some insights on the Philippine economic outlook for 2021 and the BSP’s policy actions to support the national government’s whole-of-nation approach in addressing the current crisis. Multilateral agencies such as the International Monetary Fund, the World Bank, and the Asian Development Bank expect the Philippine economy to expand by 5.9 to 6.6 percent this year.