In separate statements, both agencies said the country's score in the ranking improved to 48.88 out of 50 points in 2024, up from 47.8 last year, surpassing the next ranked nations of Indonesia, Turkey, Brazil, and Hungary.
On top of achieving a near-perfect score in investor relations, reflecting adherence to best practices in data dissemination and investor communication, the Philippines scored the highest in debt transparency at 12.5 out of 13.
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. welcomed the recognition, emphasizing the commitment to transparent communication of the country's macroeconomic fundamentals and ongoing reforms.
Finance Secretary Ralph Recto, meanwhile, credited the Department of Finance for its proactive engagement with creditors and investors, underscoring the importance of transparency in government debt management.
The report praised the Philippines' efforts in investor engagement and transparency, highlighting access to macroeconomic and environmental, social, and governance data.
The investor relations program includes discussions with economic agencies, credit rating agencies, and investor briefings.
The Bureau of the Treasury plays a crucial role, regularly releasing comprehensive reports and fostering predictability in the market.
This achievement underscores the government's dedication to financial transparency and investor relations, bolstering public trust and economic stability, both economic managers said.
