BUSINESS
Advocates Philippines
Diokno Delighted With 2023 Investor Relations Report
Photo credit: DOF
Finance Secretary Benjamin E. Diokno expressed his delight at the Philippines' impressive standing in the 2023 Investor Relations and Debt Transparency Report, which was recently released by the Institute of International Finance (IIF). According to the report, the Philippines secured the 3rd position out of 41 countries in terms of investor relations (IR) practices, marking a significant improvement compared to the previous year's rankings.
The country attained an impressive IR country score of 47.8 out of 50, showcasing a remarkable increase of 6.4 index points from the previous year's report, where it stood at the 12th spot. This advancement highlights the Philippines' efforts to enhance its investor relations strategies and attract international capital for economic development.
Secretary Diokno credited the achievement to the concerted efforts of the economic team, who strategically conducted bilateral meetings, non-deal roadshows, and investor attraction engagements like the Philippine Economic Briefings abroad. These initiatives have successfully instilled confidence in the Philippines' robust economic performance and favorable macroeconomic fundamentals, boosting its appeal to international investors.
The importance of strong investor relations programs cannot be understated, as they play a crucial role in enabling countries to access international debt markets stably and affordably. Additionally, effective IR practices aid in mobilizing international private capital to support global climate and sustainable development goals.
The IIF's Investor Relations and Debt Transparency Report evaluates various IR practices across emerging markets and developing countries, ranking them based on adherence to standard IR practices and debt transparency metrics. The assessment comprises three scores: the IR Country Score, Debt Transparency Score, and ESG Data and Policy Dissemination Score.
Regarding the Debt Transparency Score, a subset of the overall IR country score, the Philippines scored an impressive 11.8 out of a maximum of 13, securing the 2nd spot in this category. This represents a significant leap from its 20th position in the previous year, outperforming neighboring countries such as Indonesia, Malaysia, Thailand, China, and Vietnam.
The country's performance in the Environmental, Social, and Governance (ESG) Data and Policy Dissemination ranking was equally commendable. The report recognizes the Philippines' improvements, catapulting it to the 3rd place from its 16th position in the previous year. The Philippines achieved a remarkable score of 3.9 out of 4, indicating its dedication to providing ESG-related statistics on risk assessments and incorporating investor feedback in ESG-related information sharing.
The IIF's report also includes technical recommendations to further improve investor relations and debt transparency practices scores. These include ensuring the availability of policy and data documents in English, enhancing data and information transparency efforts, making ESG data and policy information available on investor relations office (IRO) websites, and increasing direct engagement with investors.
The Institute of International Finance (IIF) is a prestigious global association of the financial industry, boasting approximately 400 members from over 60 countries. It offers its members access to global economic and financial research, advocacy, and leading industry events, making its reports highly regarded and influential in the financial world.
The country attained an impressive IR country score of 47.8 out of 50, showcasing a remarkable increase of 6.4 index points from the previous year's report, where it stood at the 12th spot. This advancement highlights the Philippines' efforts to enhance its investor relations strategies and attract international capital for economic development.
Secretary Diokno credited the achievement to the concerted efforts of the economic team, who strategically conducted bilateral meetings, non-deal roadshows, and investor attraction engagements like the Philippine Economic Briefings abroad. These initiatives have successfully instilled confidence in the Philippines' robust economic performance and favorable macroeconomic fundamentals, boosting its appeal to international investors.
The importance of strong investor relations programs cannot be understated, as they play a crucial role in enabling countries to access international debt markets stably and affordably. Additionally, effective IR practices aid in mobilizing international private capital to support global climate and sustainable development goals.
The IIF's Investor Relations and Debt Transparency Report evaluates various IR practices across emerging markets and developing countries, ranking them based on adherence to standard IR practices and debt transparency metrics. The assessment comprises three scores: the IR Country Score, Debt Transparency Score, and ESG Data and Policy Dissemination Score.
Regarding the Debt Transparency Score, a subset of the overall IR country score, the Philippines scored an impressive 11.8 out of a maximum of 13, securing the 2nd spot in this category. This represents a significant leap from its 20th position in the previous year, outperforming neighboring countries such as Indonesia, Malaysia, Thailand, China, and Vietnam.
The country's performance in the Environmental, Social, and Governance (ESG) Data and Policy Dissemination ranking was equally commendable. The report recognizes the Philippines' improvements, catapulting it to the 3rd place from its 16th position in the previous year. The Philippines achieved a remarkable score of 3.9 out of 4, indicating its dedication to providing ESG-related statistics on risk assessments and incorporating investor feedback in ESG-related information sharing.
The IIF's report also includes technical recommendations to further improve investor relations and debt transparency practices scores. These include ensuring the availability of policy and data documents in English, enhancing data and information transparency efforts, making ESG data and policy information available on investor relations office (IRO) websites, and increasing direct engagement with investors.
The Institute of International Finance (IIF) is a prestigious global association of the financial industry, boasting approximately 400 members from over 60 countries. It offers its members access to global economic and financial research, advocacy, and leading industry events, making its reports highly regarded and influential in the financial world.
Jul 4, 2023
