Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno reiterated on Wednesday, April 27, that the monetary policy space will continue to support the economy by balancing inflation and growth outlook to ensure the Philippines’ continued favorable location as an investment site.
“At the height of the pandemic, we didn’t sit idly by and wait for the virus to recede. Instead, we pushed for game changing reforms. We continued to invest in physical infrastructure and human capital. All these are meant to improve the Philippines’ competitiveness, boost its productive capacity, and make it an even more attractive investment destination,” he added.
“ economy is poised for a recovery and it is a good time to come in as you will be able to get into the investment opportunities that are open,” he told Singaporean investors during the forum. “There will be a stronger recovery this year and in the near term,” he added. Meantime, Diokno said the economy is back in fighting form and ready to receive new foreign investors.
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