The Bangko Sentral ng Pilipinas (BSP) bared that more foreign direct investments (FDI) and potential funds are seen to enter the Philippines in the next two years as a result of structural reforms initiated by the government.
In a report from The Philippine Star, Dennis Lapid, officer-in-charge of the BSP’s Monetary Policy Sub-Sector, said FDI net inflows are expected to rise up to $11 billion this year from $12 billion next year.
Lapid noted that foreign portfolio investments or hot money is likewise seen to post a higher net inflow of $2.5 billion this year and $3.5 billion in 2024 after reverting to a net inflow of $1 billion last year from a net outflow of $2.4 billion in 2021.
Meanwhile, the International Monetary Fund projects the global trade growth easing to 2.4 percent this year and 3.4 percent next year.
