Slow pace of reforms tests patience of investors

THE global investment community is growing impatient with the pace of fiscal reforms in the country, an official of the Bangko Sentral ng Pilipinas said.

“There is growing impatience from the investment community with regard to the pace of fiscal reforms. It means that we have to deliver milestones,” Cora Guidote, executive director of the Investment Relation Office (IFO), told The Times. “Their line of questioning is in the progress of the new revenue measures, on raising revenues. We need to deliver milestones, which would be beneficial to the country.”