Thursday 13 May 2021
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manilatimes - 1 month ago

IMF warns banks of systematic impact

Banks in the Philippines could experience a systemic solvency impact if additional downside risks materialize despite their ability to withstand the exceptionally severe shocks, according to the International Monetary Fund (IMF). In a report released over the weekend, the IMF said the key risks to financial stability stem from the coronavirus disease 2019 (Covid-19) pandemic [ ]


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