​The Philippines placed first among 50 countries in the “2024 Investor Relations (IR) and Debt Transparency Report” of the Institute of International Finance (IIF).

The Washington DC-based institute reported that the Philippines topped the list and improved its ranking to first from third place in 2023, after its score rose to 48.88 out of 50 points in 2024, from 47.8 last year.

Ranked after the Philippines were Indonesia with a score of 48.75; Turkey, 48.38; Brazil, 47.50; and Hungary, 47.21.

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said, “The BSP welcomes the IIF's recognition of the Philippines' outstanding IR practices. We remain committed to working closely with the economic team in transparently communicating the country’s macroeconomic fundamentals and ongoing reforms.”

The report also highlights the Philippines’ outstanding efforts in investor engagement and transparency, particularly in providing access to macroeconomic and environmental, social, and governance (ESG) data and policy information.

The IR program includes discussions between economic agencies and credit rating agencies, communication and collaboration with global and local banks, and organizing investor briefings both here and abroad.

The IIF sets standards for best practices in IR and data dissemination for emerging markets and developing countries in line with the Principles for Stable Capital Flows and Fair Debt Restructuring.

The IIF assessment combines desk research with a survey of countries with active IR programs to determine the IR Country Score, Debt Transparency Score, and ESG Data and Policy Dissemination Score.

The IR country score is based on 23 criteria. The Debt Transparency Score, a subset of the headline IR country score, focuses on evaluating sovereign borrowers’ data and policy dissemination practices while the ESG Data and Policy Dissemination score, another subset of the headline IR country score, evaluates sovereign borrowers’ practices in disseminating ESG data and policies.

Source Bangko Sentral Ng Pilipinas