The Central Bank of the Philippines published an update on Governor Eli M. Remolona Jr.'s participation in the 2026 International Monetary Fund and World Bank Group Spring Meetings and related meetings, where he reaffirmed the Philippines' commitment to price stability, financial resilience, inclusion and regional cooperation. In discussions with global investors, banks and multilateral partners, he stressed the need for pragmatic and well-calibrated policy responses as geopolitical tensions and energy supply shocks add to global uncertainty. He also pointed to the resilience of the Philippine banking system, supported by strong capital and liquidity buffers. The update said the central bank is advancing financial health with a focus on protecting vulnerable sectors. It also noted that, as ASEAN Chair in 2026, the Philippines will prioritize capital market deepening, digital payments, regional financial safety nets and financial health. Separate meetings with the US Department of the Treasury, the BIS Innovation Hub, credit rating agencies, global banks and the IMF Asia and Pacific Department covered global and regional developments, the Philippine outlook, policy priorities, surveillance and risk assessments. Remolona also met Queen Maxima of the Netherlands in her role as United Nations Secretary-General's Special Advocate for Financial Health to discuss progress on financial health initiatives in the Philippines and the ASEAN region.
Central Bank of the Philippines 2026-05-07
Central Bank of the Philippines reaffirms price stability and banking resilience and outlines 2026 ASEAN priorities at IMF World Bank meetings
The Central Bank of the Philippines reported on Governor Eli M. Remolona Jr.’s participation in the 2026 IMF–World Bank Spring Meetings, where he reaffirmed the country’s commitment to price stability, financial resilience, inclusion and regional cooperation, and highlighted the resilience of the Philippine banking system. He emphasized pragmatic, well-calibrated policy responses amid geopolitical tensions and energy supply shocks, and outlined priorities for the Philippines’ 2026 ASEAN Chairmanship, including capital market deepening, digital payments, regional financial safety nets and financial health.