TNT:
Shybaby: IMF: Philippines performing exceptionally well
DAVOS – The chief of the International Monetary Fund (IMF) has praised the Philippines for being an “exceptionally well-performing country” despite its challenges and has expressed willingness to help the country attain sustainable growth, Malacañang said yesterday.
President Marcos met with IMF Managing Director Kristalina Georgieva on the sidelines of the World Economic Forum (WEF) in this Swiss city last Tuesday and discussed issues affecting the world economy.
Presidential Communications Secretary Cheloy Garafil said Georgieva had commended Marcos for his leadership as the country faced “more immune and more complex challenges.”
“We found the Philippines to be an exceptionally well-performing country… what you have done in the last year of turbulence to sustain growth… is quite commendable,” Garafil quoted Georgieva as saying.
Georgieva said the IMF is ready to help its member-countries, including the Philippines, achieve sustainable growth and push for economic policies that would benefit more Filipinos.
“We have been really interested to engage more deeply with our members to recognize the traditional challenges… they are still there,” the IMF chief said.
Marcos said there is a need to “go back to the basics” as the Philippines is still addressing a number of challenges.
He also reiterated his resolve to step up the government’s digitalization initiatives, saying they are important in making the bureaucracy more efficient and effective.
“I hold a lot of hope and confidence in the new technologies… if you are adept with new technologies, you are already at (the) forefront… so that’s basically how we are approaching the problem,” said Marcos.
The IMF is a special agency of the United Nations that provides financial assistance and debt service relief to member-countries. It has $28 billion in outstanding loans to 74 nations. The Philippines joined the agency on Dec. 27, 1945.
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Courtesy of Dinar Guru
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