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Charter change needed to boost competition

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IMF director for Asia-Pacific Changyong Rhee: Increase budget deficit to enhance infrastructure investment.  AFP FILE PHOTO

The International Monetary Fund (IMF) is urging the Philippine government to fast-track infrastructure spending and open up the sector to wider competition, including foreigners, in order to sustain economic growth in the long term.

Posted: September 25th, 2014 in Editor's Pick,Headlines | Read More »

Gov’t seen struggling to boost spending

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UNITED STATES, Washington : The sign on the headquarters of the International Monetary Fund is seen June 5, 2011 in Washington, DC. Fallen IMF chief and one-time French presidential hopeful Dominique Strauss-Kahn enjoyed a final calm Sunday before heading to a New York court to plead not guilty to charges that he tried to rape a hotel maid. AFP PHOTO/Mandel NGAN

The government’s role in directly pushing economic growth this year remains precarious as authorities struggle to sustain higher spending that could create more jobs and stimulate economic activity.

Posted: September 20th, 2014 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories,Photos & Videos | Read More »

IMF: BSP needs more tools to contain risks

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Amendments to the restrictive charter of the Bangko Sentral ng Pilipinas (BSP) may help give monetary authorities the flexibility they need to stabilize the economy and ensure that sustainable growth is achieved.

Posted: August 11th, 2014 in Headlines | Read More »

IMF cuts Asean growth outlook

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Southeast Asia should expect slower growth this year as tighter monetary conditions in the world’s more advanced economies could destabilize financial markets in the region.

Southeast Asia should expect slower growth this year as tighter monetary conditions in the world’s more advanced economies could destabilize financial markets in the region.

Posted: July 25th, 2014 in Editor's Pick,Headlines | Read More »

IMF no longer forces ‘structural adjustment’ – chief

International Monetary Fund (IMF) Managing Director Christine Lagarde, accompanied by IMFC Chair and Singapore Finance Minister Tharman Shanmugaratnam, speaks during a news conference at World Bank Group-International Monetary Fund Spring Meetings in Washington, Saturday, April 12, 2014. AP

The International Monetary Fund has changed and no longer imposes tough “structural adjustment” programs as it did in poor countries two decades ago, IMF chief Christine Lagarde said Saturday.

Posted: April 13th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

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