IMF: PH needs to address fiscal transparency gaps

The Philippines got a favorable score in terms of fiscal transparency, but there are still gaps that needed to be addressed, the multilateral lender International Monetary Fund (IMF) said, citing its latest report.

“The government’s public financial management reform strategy has helped initiate a wide variety of reforms, which are beginning to bear fruit,” the IMF said in its Fiscal Transparency Evaluation report for the Philippines.