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Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila, Jr. (fifth from left) with (from left) Citi’s managing director and head of the public sector group Michael Paulus, Budget Secretary Amenah Pangandaman, Finance Secretary Ralph Recto, National Economic and Development Authority Secretary ArsenioBalisacan, and HSBC chair of public sector banking, global banking, and markets Michael Ellam briefing investors in Washington D.C. recently. — Photo courtesy of BSP.

Philippines Officials Showcase Economic Stability to US Investors

April 24, 2024
9:55AM PHT
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Philippine economic leaders recently touted the country’s economic stability to US investors during the Philippine Dialogue in Washington, D.C., focusing on recent gains in bringing inflation under control.

Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila Jr. emphasized that the central bank's monetary policy aims to maintain inflation within the target range of 2.0% to 4.0%, currently holding steady at 3.3% year-to-date.

In a statement, the central bank said Dakila highlighted the robust external sector supported by remittances and the BPO industry.

Meanwhile, Finance Secretary Ralph Recto underlined the Philippines' growing economy, young demographic, and significant investment opportunities in infrastructure, urging a strong case for US investment in the country’s stable economic landscape.

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