James McCormack Quotes

The delayed e-VAT detracted from the overall credibility of the fiscal reform program, and we will wait until the e-VAT is implemented fully, including the rate increase from 10 percent to 12 percent scheduled for January 2006, before considering its positive effects on government revenues.

- James McCormack

Tags

Delayed | Detracted | Credibility | Fiscal | Reform |

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So if the effective interest rate on Philippines government debt goes up, it just takes more of their revenues to service their debts, so these are issues that really do need to be addressed. - James McCormack

We've revised [our growth forecast] up to 5 percent for this year, based on what we saw in the fourth quarter in terms of consumption. The strength of consumption surprised us somewhat in how robust it was. - James McCormack

They do a pretty good job of getting people in who are quite capable. They have a deep bench. - James McCormack