Advertisement
YOU ARE HERE: LAT HomeCollectionsUnited State Foreign Aid Philippines
IN THE NEWS

United State Foreign Aid Philippines

FEATURED ARTICLES
BUSINESS
February 17, 1992 | From Times Staff and Wire Reports
IMF Chief Agrees to Resume Loans: The International Monetary Fund, after seven months of negotiations, has agreed to resume lending to the Philippines, clearing the way for Manila to restructure $5.3 billion of its commercial debt. IMF and Philippine officials said IMF Managing Director Michel Camdessus had approved the latest austerity plan aimed at putting the economy back on track after a year of stagnation and high inflation.
ARTICLES BY DATE
BUSINESS
February 17, 1992 | From Times Staff and Wire Reports
IMF Chief Agrees to Resume Loans: The International Monetary Fund, after seven months of negotiations, has agreed to resume lending to the Philippines, clearing the way for Manila to restructure $5.3 billion of its commercial debt. IMF and Philippine officials said IMF Managing Director Michel Camdessus had approved the latest austerity plan aimed at putting the economy back on track after a year of stagnation and high inflation.
Los Angeles Times Articles
|