The economy is clearly on the right track, and the government is performing creditably, with no less than the International Monetary Fund (IMF) coming forward to stress that it has a “very optimistic” growth outlook on the Philippines because of the economy’s continued “impressive” performance.

Luis Breuer, chief of the IMF mission to the Philippines, has cited “the clear vision” of the administration’s economic team and commended the government’s plan to initiate a comprehensive tax reform program (CTRP), which the IMF sees as a vital component to sustain the economy’s growth momentum.

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