Philippines governor issues caution over proposed fiscal package

Benjamin Diokno
BSP governor Benjamin Diokno
Photo: Axelchard13/Wikimedia

The governor of the Philippines central bank called for a faster Covid-19 vaccination programme and cautioned the government over a possible fiscal package.

Benjamin Diokno said he thought the proposed fiscal stimulus would not improve the country’s credit ratings, the news agency Reuters reported on July 18. Credit ratings agency Fitch’s downgraded its outlook on Philippines government debt from neutral to negative on July 12, although it kept its grading at BBB.

Diokno said the Philippines

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: