MANILA — The Philippines ranked second out of 54 countries in the 2025 Investor Relations and Debt Transparency Report of the Institute of International Finance (IIF), reflecting continued improvements in investor engagement and data transparency.

According to the report, the Philippines earned a score of 49.3 out of 50, up from 48.9 in 2024, maintaining its position as one of the top-performing countries globally in investor relations (IR) practices. Indonesia topped the rankings with a score of 49.4, while Brazil followed the Philippines in third with 49.0.

“This signifies the Philippines’ robust efforts to provide investors and credit rating companies with the comprehensive and timely information they need as well as access to key officials and resource persons,” the IIF noted.

The Philippines has consistently improved in the global IR rankings, placing first in 2024, third in 2023, and 12th in 2022.

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. welcomed the recognition, saying the score reflects the economic team’s commitment to transparency and communication.

“The IIF assessment recognizes the concerted efforts of the economic team to provide information and answer questions about the Philippines’ strong macroeconomic fundamentals and ongoing structural reforms,” Remolona said. “The BSP remains committed to working with the government to further improve the country’s investor relations through enhanced dialogues with creditors and continuous data transparency.”

The IIF also scored the Philippines 12.3 out of 13 on Debt Transparency, placing it third globally alongside Brazil and Chile. This reflects the country’s efforts to present debt and environmental, social, and governance (ESG) data in a clear and market-friendly manner.

In ESG Data and Policy Dissemination, the Philippines earned a perfect 4 out of 4, the highest possible rating. The score highlights the government’s availability of ESG-related data, forward-looking policies, and efforts to incorporate investor feedback into policymaking.

The BSP’s investor relations program includes regular roadshows, investor briefings, and a wide range of online information covering fiscal, monetary, and ESG topics. These initiatives aim to build trust with the global investment community and reinforce the country’s economic resilience.

The IIF, a global association based in Washington, D.C., sets international best practices in investor relations and transparency, particularly for emerging and frontier markets. Its annual assessment combines desk research and survey responses across three categories: investor relations, debt transparency, and ESG data and policy dissemination.