Investors give PH highest marks for transparency

The Philippines has emerged as the top-performing emerging market in investor relations, with the Department of Finance (DOF) saying the recognition reinforces the country’s standing as a credible destination for global investors.

In its annual Investor Relations and Debt Transparency Report released on July 8, the Institute of International Finance (IIF) ranked the Philippines first among 57 emerging markets and developing economies (EMDEs), awarding it the highest overall Investor Relations Country Score of 49.3 out of 50.

The report evaluates sovereign investor relations, debt transparency, and environmental, social, and governance (ESG) disclosures through investor surveys and independent desk research.

Finance Secretary Frederick D. Go said the recognition reflects growing confidence in the country’s economic fundamentals and reform agenda.

“This recognition sends a strong signal that the Philippines is a credible and reliable investment destination. It reflects growing confidence in the Philippine economy and in the reforms we are pursuing,” Go said.

According to the IIF, countries that maintain strong investor relations practices generally enjoy more stable sovereign credit ratings, as consistent disclosure and regular engagement with investors demonstrate institutional strength, sound governance, and policy credibility.

Beyond topping the overall rankings, the Philippines also placed among the top three in debt transparency, earning 12.3 out of 13 for its disclosure of sovereign debt data and related policies.

The country was likewise one of only four emerging markets to receive a perfect 4.0 score for ESG data and policy dissemination, joining Hungary, Uruguay, and Chile.

The IIF said proactive investor engagement and transparent debt reporting create a “Transparency Dividend,” helping reduce uncertainty, broaden the investor base, lower borrowing costs, and strengthen sovereign creditworthiness over the long term.

The DOF said it will continue pursuing governance reforms and transparency initiatives to sustain investor confidence and support long-term economic growth.

“By strengthening investor relations through transparency, trust is built. Strong investor confidence helps the government access financing on better terms, allowing us to invest more in priority programs and services that create jobs, support businesses, and expand opportunities for Filipino families,” Go said.