Corruption and the peso’s growing vulnerability

Inquirer.net - Sep 25, 2026

The Philippine peso’s persistent devaluation reflects a convergence of global shocks and domestic structural weaknesses. While high import dependence, rising debt service and weak industrial competitiveness are widely acknowledged, this paper identifies corruption as a hidden accelerator of peso devaluation. The paper estimates that ₱8.8 trillion was lost to corruption from 2016 to 2025, eroding

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Corruption and the peso’s growing vulnerability

Sep 25, 2026

Corruption and the peso’s growing vulnerability

The Philippine peso’s persistent devaluation reflects a convergence of global shocks and domestic structural weaknesses. While high import dependence, rising debt service and weak industrial competitiveness are widely acknowledged, this paper identifies corruption as a hidden accelerator of peso devaluation. The paper estimates that ₱8.8 trillion was lost to corruption from 2016 to 2025, eroding

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