Philippines - Current economic position and prospects

Report No. 568-PH Cu irrent Fronmir Pnoitinn _ n 4g IC dlI tlu rlbJeLLD WJI T he rPhiiippines November 7, 1974 East Asia and Pacific Region Country Programs Department Not for Public Use Document of the International Bank for Reconstruction and Development International Development Association This report was prepared for official use only by the Bank Group. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or compieteness of the report.  CURRENCY EQUIVALENTS US$1.00 = Pesos 6.78 Pesos 1,000 = US$147.49 Pesos 1 million= US$147,493 FISCAL YEAR July 1 to June 30 In this report FY74 = 1973-74 etc.  This report is based on the findings of an economic mission which visited the Philippinsp from April 1 tn April 30; 1974. The preliminary findings of the mission were further updated after discussio4ns i wi th tho GnovPrnmPnt in Spntpmhpr 1974. Mission Members Russell J. Cheetham Chief of Mission Vin4 VYoung Genernl Econmist Madhusudan S. Joshi General Economist 4icolas M. Gorjesta4 re -- cni Peter Bowden Planning and Administration Spec-ia"list Mrinal Datta-Chaudhuri Regional Economist (consultant) S.Lr G'.orluon MM-ckay Trsasport SlpeciLaLisL (cor,sultant)   t'TTDDrXT ErCVflNICUTf' POASTI'ON AXTT PROSPE'nCrT OFyA ~U1XU~1 .