Author Topic: RP free from IMF .........  (Read 1134 times)

Capitan Berong

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RP free from IMF .........
« on: May 29, 2007, 11:10:40 AM »
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Mga Sana/o .....

Praise the Lord !!!!

Look at this news item, seems too good to be true. Read ....

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Free at last from IMF

THE PHILIPPINES FACES A ‘PROBLEM OF PLENTY,’ SAYS BANGKO SENTRAL NG PILIPINAS GOVERNOR AMANDO M. TETANGCO JR.
By Ernesto Y. Tolentino
Special to BusinessMirror
 
FOR the first time in almost half a century, the Philippines has freed itself from the dictates of the International Monetary Fund (IMF) by prepaying its debt owed to the multilateral financial institution.

This was made possible by the robust growth in the nation’s dollar reserves—which as of last April hit $25.1 billion—due mainly to a combination of increased foreign exchange revenues and foreign capital inflows, coupled with prudent management of the country’s financial affairs and structural reforms introduced by the Arroyo government.

More ..... at  http://www.businessmirror.com.ph/05292007/perspective01.html



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pioneer

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Re: RP free from IMF .........
« Reply #1 on: May 31, 2007, 09:13:01 PM »
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."
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