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PIA Press Release
2006/10/04

Statement of Secretary Ignacio R. Bunye: Re Strong peso

Manila (4 October) -- The continuous strengthening of the peso is a trophy of our fiscal reform agenda; and the World Bank’s $410-million loan is a clear manifestation of confidence in the sustainability of our fiscal programs in the coming years.

Meanwhile, the positive assessments by credit-rating firms and foreign investors are a good omen of imminent economic takeoff.

The Filipino people are reaping the positive results of our aggressive economic reform programs, and we are set to achieve more if we continue to join hands and remain focused on our agenda of economic growth and political stability. (OPS) [top]

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