International Monetary Fund (IMF) says economic growth of the Philippines is expected to rise by 6.7% in 2015
Philippines was visited by an International Monetary Fund (IMF) staff from March 25-31, 2015. In the visit of Chikahisa Sumi, he met with the Governor of the Bangko Sentral ng Pilipinas (BSP), the Secretaries of the economic cluster, senior government officials, private sector representatives, and the financial community. After his visit, he gave the following statements:
It is not just a promise or potential, Cebu demonstrated its capability with an excellent economic track record.
It is the second largest city and fastest growing economy in the Philippines.
Cebu’s export growth rate for the past 5 year has averaged close to 20 percent considerably higher than that of the country and any other province in the Philippines.