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Philippines – Preserving economic stability, financing development and anticipating climate issues

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  • Benoît Jonveaux

Abstract

Referred to as the “sick man of Asia” during the last third of the 20th century, the Philippines has recorded dynamic economic growth since the mid-2000s and is beginning to catch up with the more advanced economies of ASEAN (Association of Southeast Asian Nations). This catching-up has come about through macroeconomic stability, combining fiscal discipline external accounts consolidation, and financial system strengthening. To preserve the Philippine economic model, it is essential to maintain this stability, in particular to limit financing requirements and bolster investor and consumer confidence.

Suggested Citation

  • Benoît Jonveaux, 2024. "Philippines – Preserving economic stability, financing development and anticipating climate issues," Working Paper e751624a-1c8d-44b7-b3ef-a, Agence française de développement.
    • Handle: RePEc:avg:wpaper:en16447
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    File URL: https://www.afd.fr/sites/afd/files/2024-02-10-18-11/AFD_MacroDev_54_Phillipines_V2_EN_PaP_Web.pdf
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    References listed on IDEAS

    as
    1. Mercado, Rogelio & Park, Cyn-Young & Zhuang, Juzhong, 2023. "Trends and Drivers of Income Inequality in the Philippines, Thailand, and Viet Nam: A Decomposition Analysis," ADB Economics Working Paper Series 692, Asian Development Bank.
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      Keywords

      Philippines;

      JEL classification:

      • E - Macroeconomics and Monetary Economics

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