'Close monitoring' urged for corporates

By The Manila Times

May 15, 2023 12:22 am

THE corporate sector warrants 'close monitoring' amid tighter financial conditions and despite a healthy banking sector and reduced risks from global banking turmoil, the International Monetary Fund (IMF) said.

In a statement issued following the close of a visit to the Philippines, the IMF said that regulators need to 'strengthen the resolution framework for financial institutions and the insolvency regime for corporates.'

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