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MANILA, Philippines – Finance Secretary Frederick Go welcomed the Philippines’ attainment of upper middle-income status, saying the milestone reflects the country’s strong economic fundamentals.
“The Philippines’ transition to an upper middle-income country is an affirmation of the reforms and policies that the government has consistently pursued to strengthen our economic fundamentals and create more opportunities for our people,” Go said in a statement.
READ: PH attains ‘upper middle income’ rank – World Bank
“Now, we must build on these gains so that the benefits of economic development reach more Filipinos,” he added.
