5/16/2013

The International Monetary Fund is advising the Philippines to reform foreign ownership rules to help sustain the rise in overseas investment encouraged by recent credit upgrades. "[Studies] find that removing foreign equity ceilings is the most important and potent way to raise FDI, and removal of such ceilings could increase FDI significantly, by nearly 80%," said the IMF's resident representative, Shanaka Jayanath Peiris.

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