The government will kick-start on Monday its economic briefing series in Frankfurt, Germany to showcase to the global business community the Philippines’ sustained strong macroeconomic fundamentals and lure them to invest in the country.
The Philippine Economic Briefing, led by the Department of Finance and co-organized by the Bangko Sentral ng Pilipinas, is an integral part of the overall economic communications campaign of the government.
It serves as a platform for key economic officials to brief international business and financial communities on the latest developments concerning the country’s robust economic performance, investment opportunities and the Marcos administration’s development plan.
The event is expected to bring together foreign direct, fixed income and equities market investors as well as infrastructure players.
Finance Secretary Benjamin Diokno will deliver a keynote message on the country’s latest macroeconomic landscape, while BSP Governor Felipe Medalla, Budget Secretary Amenah Pangandaman and National Economic and Development Authority Secretary Arsenio Balisacan will discuss price stability, spending priorities and the Philippine economic agenda, respectively.
Afterwards, the economic team will take part in an interactive panel discussion and open forum on the country’s economic outlook and investment opportunities.
The PEB in Frankfurt is organized in partnership with Bank of America Securities, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Standard Chartered Bank, UBS, Embassy of the Philippines in Berlin, German-Philippine Chamber of Commerce and Industry and Department of Trade and Industry.
The Philippines’ strong economic rebound remains on track as it continues to exhibit robust growth in Asia and its economic performance is expected to accelerate even further.
The Philippine economy is estimated to grow between 6 percent and 7 percent in 2023, while in the medium-term, the government targets economic expansion of 6.5 percent to 8 percent.
The government released its medium-term socioeconomic development agenda —the Philippine Development Plan 2023-2028—which is geared towards economic and social transformation to reinvigorate job creation and accelerate poverty reduction through inclusive economic growth on Dec. 31, 2022.
The Marcos administration’s economic team led by Diokno held international briefings in Singapore, New York and Washington, D.C. last year.