"Countries with strong investor relations and debt transparency practices are realizing the benefits, seeing higher sovereign credit ratings and improved capital flows."In the IIF Investor Relations and Debt Transparency Report released July 4, the Philippines garnered a score of 48.8 of 50, an improvement from last year’s score of 47.8 and the highest among the 50 countries sampled.
The Philippines jumped from 12th place in 2022 to 3rd place in 2023 out of 41 emerging markets and developing countries assessed. The Philippines also achieved the highest score in debt transparency posting a 12.5 score tying with Indonesia. It is followed by Türkiye with 12.3, Uruguay with 12.0 and Brazil with 11.8.
"Countries with strong investor relations and debt transparency practices are realizing the benefits, seeing higher sovereign credit ratings and improved capital flows," the IIF authors said.Ramon Aboitiz Foundation Inc.
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