THE country’s economic managers, led by Finance Secretary Ralph G. Recto, convened back-to-back meetings with global and Asia heads of Fitch Ratings, Moody’s Credit, and S&P Global credit rating agencies on April 17 and 20, 2024 to update them about the Philippines’ promising growth story and other key developments.
The Philippines currently has high credit grade ratings from these agencies, which is a strong vote of confidence in the countrys’ sound economic policies and a big win for ordinary Filipinos as it translates to more accessible financing for the government’s development programs.
Secretary Recto was joined by National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman, Bangko Sentral ng Pilipinas (BSP) Monetary Board Member Rosalia V. De Leon, BSP Deputy Governor Francisco G. Dakila, Jr., National Treasurer Sharon P. Almanza, DTI Philippines Department of Trade and Industry (DTI) Undersecretary Ceferino S. Rodolfo, and other key officials of the respective agencies.
The meetings were held on the sidelines of the WB-IMF Spring Meetings from April 15 to 21, 2024 in Washington, D.C.
