IMF corrects its estimate of Philippine reserves

PHILIPPINES - The International Monetary Fund has acknowledged that the Philippine central bank's gross international reserves position is stronger than the fund's initial estimate, the bank said.

It said the IMF issued a corrected calculation of the bank's ratio of foreign reserves to short-term debt on a residual basis.

The ratio estimates the cushion provided by foreign reserves in servicing the principal debts of both the public and private sectors that will mature within a year. A ratio of

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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