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General Government Debt-to-GDP for 2012 lowest in history at 40.6%

National Government Debt-to-GDP down to 48.9% in Q1 2013 As of December 2012, General Government (GG) Debt stood at P4,288.7 billion or 40.6% of GDP, down from the 2011 level of 41.4% and the lowest since the metric was adopted in 1998. National Government debt has also seen...

PHL receives investment grade rating from Standard & Poor’s

The Philippines today received investment grade rating from international credit rating agency Standard & Poor’s. In a statement released by the agency, the country’s sovereign long-term foreign currency rating was upgraded from “BB+” to “BBB-“ with stable outlook. This...

IMF Managing Director cites Philippines and other emerging markets’ role to global growth

International Monetary Fund Managing Director Christine Lagarde cited the “critical role” played by the Philippines and other emerging markets in the Asia-Pacific region in driving global growth which she said has helped stabilize the economies of this part of the world. Lagarde,...