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| PHL allots more to fight poverty than $1B loan to IMF –Malacañang GMA News GMA News Online Economy » Finance ... “We are not wasting the money. It's a loan.IMF would pay us back the loan.” Filipinos working in Europe would indirectly benefit from the loan, particularly those in the euro zone countries which borrowed money ... See all stories on this topic » | ||
| Admin lawmakers defend $1-billion loan to IMF Philippine Star The Philippines, as a member of the global community of nations, has an obligation to ensure economic and financial stability across the globe, BSP said. “This is a loan to theIMF and we will get our money back with interest. In effect, by extending a ... See all stories on this topic » | ||
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| Cyprus says EU, IMF officials to start assessing next week how much bailout ... Washington Post ... Cyprus — Officials from the European Commission, the European Central Bank and the International Monetary Fund will begin assessing next week how much bailout moneyCyprus will need to prop up its banks and flagging economy, the country's finance ... See all stories on this topic » | ||
| Claiming false credit BusinessWorld Online Edition It is from the deposit of the Philippines/BSP with the IMF (also called "IMF reserve position") that the $1 billion has been made available for loan to EU countries in deepfinancial crisis. While it is true that these transactions earn interest and ... See all stories on this topic » | ||
| Indonesia pledges $1 billion to boost IMF Jakarta Post Indonesia was a recipient of IMF loans in the aftermath of the Asian Financial Crisis in 1997-1998. The “structural adjustment” programs that the IMF required Indonesia to implement to receive loans dramatically worsened the nation's economy. Indonesia ... See all stories on this topic » | ||
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| IMF loan gives SA global influence - Nkoane-Mashabane Moneyweb.co.za The money would be loaned for an IMF "firewall" meant to prevent future financial crises. Cosatu and the African ... "[There] is a growing view that emerging economies should shape their own future, create their own institutions." This would be fleshed ... See all stories on this topic » | ||
| Cyprus says EU, IMF officials to start assessing next week how much bailout ... Greenfield Daily Reporter Vassos Shiarly noted that the eurozone group of nations had accepted on Wednesday Cyprus' request for financial aid,. He said experts ... IMF chief Christine Lagarde said in Washington on Wednesday that the fund is ready to join its European partners ... See all stories on this topic » | ||
| Senators defend $1B loan to IMF Malaya ... Monetary Fund for European economies. Sen. Franklin Drilon, chairman of the Senatefinance committee, said that under the law, the Monetary Board may authorize the BSP to grant loans to and receive loans from foreign banks and other foreign ... See all stories on this topic » | ||
| Opposition ok with IMF loan, but credit should go to Gloria Arroyo GMA News Such a loan will not reduce our international reserves; only reallocate them from investments to loans,' said House Minority Leader Danilo Suarez. ... GMA News OnlineEconomy » Money & Banking ... The Philippine government announced last week that it... See all stories on this topic » | ||
| Casiño wants BSP to stop giving out 'harebrained' loans GMA News GMA News Online Economy » Finance ... The amendments would effectively ban the BSP from lending money to foreign financial institutions like the World Bank, the International Monetary Fund and the Asian Development Bank “to the prejudice and detriment ... See all stories on this topic » | ||
| $1-B Loan Boosts Global Stability Manila Bulletin MANILA, Philippines – Malacañang said on Tuesday that the country's $1-billion contribution to the pool of funds the International Monetary Fund (IMF) is drawing up for lending to the economies in the European Community that are in financial dire ... See all stories on this topic » | ||
| Senator: $1-B loan to IMF lacks Congress blessing Sun.Star Recto said the country would not be judged on how it helped the troubled Europeaneconomies, but on how it exercised fiscal maturity to achieve long-term growth and spared itself from possible debt crisis. ... "We are not wasting the money. It's a loan ... See all stories on this topic » | ||
| BSP: Phl $1-B loan to IMF supports world economy Philippine Information Agency In effect, by extending a loan to the IMF that will earn money for the Philippines, we are also able to help other nations saddled with financial problems. Other nations have also committed to help IMF address the current financial crisis,” he added. See all stories on this topic » | ||
| Senator questions BSP's $1-B loan to IMF Philippine Star BSP Deputy Governor Magtanggol Guinigundo had said that under the BSP Charter, they can give loans to international financial institutions, including the IMF. Recto stressed that the BSP, as a ... It's a loan. Our international reserves are still at ... See all stories on this topic » | ||
| Cyprus EU bailout bid accepted, IMF involved Business Standard "We stand ready to join the efforts of our European partners to help Cyprus return to stable and sustainable economic growth and restore a solid financial sector," IMF Managing Director Christine Lagarde said. Tumble from grace. Cyprus's exposure to ... See all stories on this topic » | ||
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| Cyprus requests IMF financial help: Lagarde Chicago Tribune WASHINGTON (Reuters) - Cyprus has asked the International Monetary Fund forfinancial assistance to help it deal with the country's banking crisis, the head of the IMFsaid on Wednesday. ... "Today, the IMF received an invitation from the Cypriot ... See all stories on this topic » | ||
| Casiño wants BSP banned from giving out 'harebrained' loans GMA News GMA News Online Economy » Finance ... Teodoro Casiño on Tuesday said that the Bangko Sentral ng Pilipinas should be banned from lending money to the World Bank, the International Monetary Fund and the Asian Development Bank “to the prejudice and ... See all stories on this topic » | ||
| Banks Need 'Push' to Avoid Prolonging Crisis, BIS Says Bloomberg Banks will need a “healthy push” by governments to fix balance sheets, abandon risky businesses and serve the public to avoid prolonging the financial crisis, the Bank for International Settlements said. ... Euro governments on June 9 budgeted as much ... See all stories on this topic » | ||
| Drilon: Loan to IMF will benefit country ABS CBN News Franklin Drilon defended the Bangko Sentral ng Pilipinas' (BSP) decision to lend US$1 billion dollars to the International Monetary Fund (IMF) to help ailing economies in Europe, saying it would benefit the Philippines in the long run. ... He added ... See all stories on this topic » | ||
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| BSP's $1B-loan commitment to IMF must seek Congress consensus, says ... Inquirer.net The BSP said that the Philippines, as a member of the global community, has the obligation of ensuring global economic and financial stability. However, Recto said that it must be made understandable by the people why such amount is being lent to the ... See all stories on this topic » |
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