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BSP Governor Medalla Briefs Investors in Washington, D.C.

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla (third from left) said the central bank safeguards price and financial stability amid challenges in the global economy during meetings with more than 200 investors in Washington, D.C. last 12 and 13 April 2023.

An economic briefing organized by a joint Philippine economic and diplomatic team with partner banks as well as smaller investor meetings hosted by Bank of America (BoFA) Securities, Barclays, and J.P. Morgan were held on the sidelines of the International Monetary Fund (IMF) – World Bank (WB) Group 2023 Spring Meetings.

“We remain confident that despite inflation being higher than it used to be, the central bank and the national government have taken sufficient monetary and fiscal actions to reduce the impact of high prices to the economy,” said the Governor.

He also assured investors that the regulatory environment in the Philippines “remains sound, stable, and supportive of economic growth.”

In the photo with Governor Medalla are (from left) BSP Deputy Governor Francisco G. Dakila, Jr., Monetary Board Member Antonio S. Abacan, Jr., and Barclays Managing Director Rahul Bajoria.

The ensuing investor sessions were moderated by J.P. Morgan’s Head of Emerging Market Economic Research Jahangir Aziz (left) and Managing Director and BoFA Global Research’s Co-Head Asia FX and Rates Strategy Claudio Piron (far right).

The photo shows the Governor (front row, fifth from left) with (top row, from left) Macquarie Asset Management Managing Director Michael T. Rodriguez, Department of Trade and Industry Undersecretary Ceferino S. Rodolfo, Government Service Insurance System President and General Manager Jose Arnulfo A. Veloso, (partly hidden) Department of Information and Communications Technology Secretary Ivan John E. Uy, National Economic and Development Authority Secretary Arsenio M. Balisacan, Department of Finance Secretary Benjamin E. Diokno, Department of Budget and Management Amenah F. Pangandaman, WB Country Director Ndiamé Diop, and IMF Deputy Director Sanjaya Panth.



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