President’s Chalet, Davos-Klosters, Switzerland
24 January 2013

President Benigno S. Aquino III met with Christine Lagarde, Managing Director of the International Monetary Fund (IMF) during his official visit in Switzerland. The President commended Lagarde for doing an effective job in convincing world leaders to make difficult choices. He added that the Philippines continues to implement a level playing field to attract more investments.

On the other hand, the IMF Managing Director informed the President that the IMF had upgraded the growth projection for the Philippines from 4.8 to 6 percent this year. This is based on the analysis that the growth targets of the Philippines are looking positive and can be attained due to the reforms being made by the present administration.

The President was joined by Finance Sec. Cesar Purisima, Budget Sec. Florencio Abad, Trade and Industry Sec. Gregory Domingo, NEDA Director General Arsenio Balisacan and Foreign Affairs Sec. Albert Del Rosario.

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