Philippines should strive for broad-based prosperity, says IMF
Tokyo
DESPITE recording strong economic growth in recent years, the Philippines has the potential to do even better and build a more inclusive, less impoverished society, particularly in the context of Asean economic integration, the International Monetary Fund (IMF) said on Wednesday.
It suggested in a report: "This path to greater, broad-based prosperity depends crucially on stepping up investment, including in infrastructure and in young people, creating much-needed employment opportunities for the fast-growing population."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April