5:54 PM

International Monetary Fund Managing Director Christine Lagarde is in a visit to PH, a country she says would likely see an economic expansion of more than 5 percent this year and by around 5 percent next year amid sound fiscal and monetary policies.

IMF Managing Director Lagarde answers questions during a news briefing in Manila

International Monetary Fund Managing Director Christine Lagarde gestures as she answers questions during a news briefing at the presidential palace in Manila November 16, 2012. The Philippine economy will likely expand more than 5 percent this year and by around 5 percent next year as a result of sound fiscal and monetary policies, Lagarde said on Friday. REUTERS/Cheryl Ravelo (PHILIPPINES - Tags: BUSINESS POLITICS

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