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[경제] Philippines : Financial System Stability Assessment-Press Release and Statement by the Executive Director for the Philippines

필리핀 국외연구자료 연구보고서 - IMF 발간일 : 2021-04-09 등록일 : 2021-07-10 원문링크

GDP contracted by 9½ percent in 2020—a much steeper decline than during the Asian Financial Crisis (AFC)—but it is now recovering with the easing of containment measures and economic policy support. Banks are closely connected to the corporate sector through high credit exposures and conglomerate ownership linkages. The Financial Action Task Force (FATF) may list the Philippines as a jurisdiction with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies in 2021. The country is also vulnerable to climate change (physical) risks, especially the destruction of physical capital from typhoons.

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