IMF To Hold Sept. Consultation Mission

The International Monetary Fund (IMF) will hold its annual discussions with the Philippines starting in September, an official said.

The IMF last conducted its annual consultation with the Philippines in September 2022. I Photo: Bruno Sanchez-Andrade Nuño Flickr

IMF Representative to the Philippines, Ragnar Gudmundsson, said the IMF will hold its Article IV Consultation mission from Sept. 21 to Oct. 3 when a press briefing is scheduled.

“We will be discussing the growth outlook in the near term, taking into consideration the second-quarter numbers, and over the medium term, with a focus on economic diversification, digitalization, and policies to promote green and inclusive growth,” he said in a media message.

The IMF had earlier said it might revise its forecasts for the Philippines, after the slower-than-expected 4.3% gross domestic product (GDP) growth in the second quarter.

For the first half, GDP averaged 5.3%. Economic managers have said GDP has to expand by at least 6.6% in the second half to be able to meet the government’s 6-7% target. The IMF last conducted its annual consultation with the Philippines in September 2022. The multilateral lender publicly released its staff report on Dec. 15 last year.

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