The Philippines: Teves faces up to taxing issues

The Philippines’ finance secretary has stabilized the economy during his three-year tenure, but external shocks could derail his plans.

Philippines Financial Secretary, Margarito “Gary” Teves

“For developing countries with limited resources, we could probably do with a little less democracy”
Margarito Teves

The Philippines’ secretary of finance, Margarito Teves, talks to Eric Ellis about his achievements and aspirations in keeping the economy on a stable growth path.

THE preferred office of Philippines Financial Secretary, Margarito “Gary” Teves is not to be found in the bowels of the Finance Ministry but in the heart of Manila’s business district, Niew Makati, on the executive mezzanine level of one of the country’s biggest banks.

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