The Department of Finance (DOF), Bureau of the Treasury (BTr), and Bangko Sentral ng Pilipinas (BSP) announced that Philippine peso-denominated government bonds will be included in J.P. Morgan’s Government Bond Index – Emerging Markets (GBI-EM) starting January 29, 2027.
Officials say the move signals strong global confidence in the country’s financial system and economic management. It follows reforms aimed at improving the bond market, including better liquidity, stronger trading systems, and clearer tax rules.
The inclusion is expected to attract more foreign investors, expand the pool of buyers, and make it easier for the government to raise funds at lower costs.
Finance Secretary Frederick Go said the milestone reflects the country’s solid economic foundations and fiscal discipline. BSP Governor Eli Remolona added that increased bond market activity will help improve lending and investment across the economy.
Authorities said they will continue working with financial institutions and regulators to align local market practices with global standards.
The GBI-EM is a widely used benchmark for emerging market bonds, often guiding investment decisions of global fund managers.
