Benjamin E Diokno: Philippine banking system - "Crossing the threshold" for economic and financial recovery

Benjamin E Diokno: Philippine banking system - "Crossing the threshold" for economic and financial recovery

Speech

Benjamin E Diokno: Philippine banking system - "Crossing the threshold" for economic and financial recovery

In this pivotal 2021 address, Governor Benjamin E. Diokno conceptualizes the COVID-19 pandemic as a "crossing the threshold" moment for the Philippine financial system, marking a definitive shift toward the "New Economy." Despite a significant GDP contraction in 2020, Diokno projects a robust V-shaped recovery, supported by a healthy external position, record-high international reserves, and a…

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