The Philippines has secured the top position out of 50 countries in a ranking of debt transparency and investor relations compiled by the Institute of International Finance (IIF).

The Philippines scored 12.5 out of 13 in debt transparency, topping the table and exceeding the average transparency score of 9.

It likewise took the number one spot in terms of investor relations, posting a score of 48.8 out of 50.

“Transparency is most important, especially in debt. We release data quarterly, among others. We have to show the public where the taxes and borrowings go. Our job in the Department of Finance (DOF) is to stretch every peso. More bang for the buck. Growth should be higher than borrowings, so we can pay for it,” Finance Secretary Ralph G. Recto said in a statement.