Bloomberg News

Philippines Has Fiscal, Monetary Flexibility, Purisima Says

October 27, 2011

Oct. 27 (Bloomberg) -- The Philippines has fiscal and monetary policy flexibility to help withstand a potential global economic slowdown, Finance Secretary Cesar Purisima said in a speech in Manila today.

The Southeast Asian nation is well positioned and is on track to fiscal sustainability, Purisima said. Its credit ratings are “behind the curve,” he said.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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