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Philippines

Financial System Stability Assessment Update

Philippines by International Monetary Fund
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This paper reviews the Financial System Stability Assessment Update on the Philippines. The assessment reveals that the banking sector has been strengthened considerably since the Asian crisis of the late 1990s and today appears generally resilient to a broad range of macroeconomic risks. The impact of the ongoing global crisis has been milder than originally feared, and the macroeconomic outlook is improving, although risks remain elevated in the near term. Considerable progress has been made toward implementing the recommendations of the initial Financial Sector Assessment Program, particularly in banking supervision.
International Monetary Fund; April 2010
45 pages; ISBN 9781455203499
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Title: Philippines
Author: International Monetary Fund