28 Quotes by James McCormack

You don't see much opposition to her policy initiatives. I think it's more of a power struggle than a policy struggle." ()

The reserves are more than adequate. Maybe it is becoming excessive." ()

The biggest challenge for the central bank is to control the potential inflation that comes along with the buildup in reserves." ()

The continuing strength of China's external sector, including the increase in its foreign exchange reserves and exports, are a positive. However, an increase in reserves which we expect to eventually reach a trillion US dollars, will not necessarily lead to a ratings upgrade." ()

If the political turmoil continues, we may need to revise growth rates in countries like Thailand." ()

These are positive numbers for the Philippines. We have to make sure that the value-added tax increase is implemented and fiscal follow up is done in the medium term to further improve revenue." ()

The entire episode really damaged fiscal policy credibility in the Philippines." ()

The good 2005 fiscal performance and 2006 fiscal outlook, together with the more settled political environment, warrant the change in outlook." ()

The fruit of previous investment is being reflected in the slower import figures, and that's good for medium-term growth." ()