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International Monetary Fund. Statistics Dept.
With the support of the IMF’s Asia and Pacific Department (APD) and the Bangko Sentral ng Pilipinas (BSP), an IMF Statistics Department (STA)’s remote financial soundness indicators (FSIs) technical assistance (TA) mission took place during April 30–May 14, 2021. The main objective of the mission was to assist the BSP in compiling FSI for the other financial corporations (OFCs) sector, in line with the 2019 Financial Soundness Indicators Compilation Guide (Guide). Specifically, the Guide recommends compiling indicators for money market funds, insurance corporations, and pension funds, as well as for the total OFC sector. The work of the mission was facilitated by the excellent collaboration of BSP’s staff, in particular of the Department of Economic Statistics (DES). The list of officials met during the mission can be found in Appendix I.
International Monetary Fund. Asia and Pacific Dept

authorities issued: (a) enhanced rule on delivery of securities; (b) amended Unit Investment Trust Fund regulations to allow for a unit-paying feature; (c) revised guidelines on the listing of long-term negotiable certificates of time deposits in an accredited exchange to promote transparent pricing in financial instruments; (d) new guidelines on the establishment and operation of trust corporations; (e) new guidelines to segregate clients’ assets from bank assets under a securities brokering arrangement; and (f) revised implementing rules and regulations of the Securities

International Monetary Fund. Asia and Pacific Dept
This 2015 Article IV Consultation highlights that the Philippine economy continues to expand strongly in line with potential growth. Real GDP grew by 6.1 percent in 2014, driven by household consumption, private construction, and exports of goods and services. Economic growth slowed in the first quarter of 2015, owing mainly to temporary factors, including the effects of dry weather on agricultural production, weak global demand for exports, and slow budget execution. The outlook for the Philippine economy remains favorable despite uneven and generally weaker global growth prospects. Real GDP is projected to grow by 6.2 percent in 2015, as lower commodity prices lift household consumption and improved budget execution raises public spending.