, boosting the country's foreign exchange buffer and adding a funding source for COVID-19 expenses.
The IMF's last SDR distribution came in 2009 when member countries received $250 billion in reserves to help ease the global financial crisis.Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the newly allocated SDRs would be reflected in the country's gross international reserves until the national government determines how to use them.
GIR refers to the country's total foreign exchange flow and ensures that a nation will not run out of foreign exchange it can use in case of external shocks like the pandemic. President Rodrigo Duterte has repeatedly said that the country has"no more funds." His economic managers have also practiced a prudent fiscal program and have aimed to narrow the budget deficit.
dami pera pero wala vaccine pa rin PUTA NAMAN!!
For election campaign funds?
Gising na gising na naman iyong mga mandurugas sa gobyerno.
how about to allocate for covid-19 thru dbm?
Dami na namang pera
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