June 25, 2020 / 1:14 PM / 18 days ago

Philippines preparing for long term effects of pandemic -finance secretary

NEW YORK, June 25 (Reuters) - Philippines Finance Secretary Carlos Dominguez said on Thursday his country needs to prepare in case the economic crisis brought by the coronavirus pandemic extends for much longer.

“You need to keep your powder dry... you need to have enough reserves for a second wave, for a third wave,” said Dominguez during a webinar hosted by Bloomberg.

Reporting by Rodrigo Campos Editing by Chizu Nomiyama

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