MANILA, Philippines—The central bank is coordinating with its foreign counterparts in an effort to protect the Philippines from financial instability that could rise from a prolonged COVID-19 pandemic, it said on Tuesday (March 30).
In a statement, the Bangko Sentral ng Pilipinas (BSP) said it recently took an active part in a high-level conference hosted by the Asia and Pacific Department of the International Monetary Fund meant to address emerging threats in this field.
The conference gathered senior policymakers in Asia to assess the ongoing challenges faced by the region and discussed what should be done to address the financial stability risks. The event …
Keep on reading: BSP, foreign central banks bracing for pandemic financial shocks