The Bangko Sentral ng Pilipinas (BSP) lauds the country’s continuing 6% economic growth which is faster than that of other countries in Southeast Asia. BSP Governor Benjamin Diokno explains that the recent boost is attributed to the Administration’s catch-up plan and Build, Build, Build program. This could also lead to the decrease in the country’s debt to GDP ratio from 40% to 38%. The ASEAN Economic Community is currently on the drawing board to connect the financial markets of the member states to attain stability in the region.
