Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the Philippines will be one of the countries that will attract foreign investments once the COVID-19 pandemic is over.
Diokno said in an interview with international financial publication The Banker the country has sound macroeconomic fundamentals, a stable and well-capitalized banking sector and a fiscal and monetary space that allows for a rollout of significant relief measures.
“Once this pandemic is over, investors are expected to look for investment destinations that have survived the crisis better that others—I strongly believe the Philippines is among those,” Diokno said.
“Our sovereign debt remains an attractive investment, as evidenced by the recently-announced $2.35-billion bond issuance. The fiscal and monetary space, which allows us to implement measures to mitigate the impact of the pandemic on livelihoods and lives, bodes well for the ability of the Philippines to attract job-generating investments for Filipinos post COVID-19,” Diokno said.
“We are resilient people, and we have the monetary and fiscal space and the tools to bring to bear to ensure such a recovery,” he said.