01899cas a2200265 a 4500 AALejournalIMF022877 230101c9999 xx r poo 0 0eng d 20.00 USD 9781451831382 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Philippines : Mid-2006 Post-Program Monitoring Discussions Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (52 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Macroeconomic performance has been relatively strong, and the large fiscal adjustment and the VAT reform represent significant progress in strengthening the fiscal position. Progress with reforms sets the stage for resolving longstanding economic problems. Tax collections have grown strongly. Over the medium term, sustainable fiscal consolidation will require a further revenue effort. Privatization of power sector assets should move ahead. Risks to inflation seem evenly balanced. Although important challenges remain, steps are being taken to strengthen the banking sector. Capital market development is a priority. Mode of access: Internet Public Enterprises imf Public-Private Enterprises imf IMF Staff Country Reports; Country Report ; No. 2006/355 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2006&issue=355 IMF e-Library