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Department of Finance Secretary Ralph Recto vowed to maintain the agency’s financial management practices after the Philippines secured the top spot for debt transparency in the 2024 Investor Relations and Debt Transparency Report by the Institute of International Finance .
The IIF said of the 50 countries it surveyed, the Philippines scored the highest in debt transparency at 12.5 out of 13. The debt transparency score assesses sovereign borrowers’ data and policy dissemination practices. These include the national government cash operations report , which outlines the actual monthly and annual revenue collections, expenditures and financing of the national government.
The auction calendar is crafted based on the feedback obtained from quarterly market consultations with Market Makers, focusing on anticipated investor demand. This enables investors to anticipate supply dynamics and adjust cash operations accordingly, reducing uncertainty and mitigating potential bond market fluctuations while also supporting the successful issuance of government securities.
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