The International Monetary Fund notes that while the funds from LandBank and DBP could support the country's investments, they should not come 'at the cost of a resilient financial system, a sound regulatory framework, and a level playing field'
This is AI generated summarization, which may have errors. For context, always refer to the full article.The International Monetary Fund notes that while the funds from LandBank and DBP could support the country's investments, they should not come 'at the cost of a resilient financial system, a sound regulatory framework, and a level playing field'
“Implementing capital restoration plans for two state-owned banks following their contribution to the Maharlika Investment Corporation’s start-up capital and exiting regulatory relief as soon as possible is important,” the IMF said in its annual report.
The IMF’s report adds to the ongoing debate about the governance and long-term sustainability of the MIC.
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