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Last week, Argentina became the first nation to be censured by the International Monetary Fund (IMF) because of doubts concerning the credibility of its economic data. Specifically the Washington-based lender alleged that President Cristina Fernandez de Kirchner’s government is not addressing reports it understated inflation figures that analysts say are actually more than double the 10.8 percent official rate.

Posted: February 11th, 2013 in Columnists,Columns,Inquirer Opinion | Read More »

Best in Asean, second best in Asia

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After two and a half years, President Aquino’s “Kung walang corrupt, walang mahirap” mantra, loosely translated as good governance and good economics, has gained traction. Reason to smile, but not yet to celebrate.

Posted: December 8th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

BSP clarifies creditor status with IMF

This refers to the editorial “Loan as ‘investment’” (Inquirer, 7/2/12). The Bangko Sentral ng Pilipinas (BSP) would like to clarify some of the issues raised in the editorial.

Posted: July 16th, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

$1B loan to IMF: not all to P-Noy’s credit

Methinks Sen. Ralph Recto is not exactly right in saying that the country’s planned extension of a $1-billion loan to the International Monetary Fund must first pass legislative approval (Inquirer, 6/27/12).

Posted: July 12th, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

Why are Philippine funds being used to bail out irresponsible European banks?

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The Philippine government’s decision to extend a $1 billion loan to the International Monetary Fund (IMF) to supplement the Fund’s war chest of $456 billion to contain the economic crisis in Europe has been justified as assistance to countries in dire need of financial help.

Posted: June 25th, 2012 in Columnists,Columns,Viewpoints | Read More »

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