In January 2012, the Committee first released its Statement on Longer-Run Goals and Monetary Policy Strategy, which is reaffirmed annually.
Also, according to the International Finance Corporation of the World Bank Group, investments in the Philippines and in three other big emerging markets – China, Indonesia, and Vietnam – may reach 5.1 trillion US dollars if these economies move towards a green recovery approach postpandemic. Indeed, the pandemic recovery presents an opportunity to scale-up investments in green projects and activities.