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Oct 31, 2017 @ 16:38

Philippine central bank lends $1B to IMF

 

Here’s another testament to the country’s solid economic footprint.

The Bangko Sentral ng Pilipinas (BSP) offered a fresh $1 billion loan facility to the International Monetary Fund (IMF), representing a renewal of its commitment as a net creditor to the global authority.

It has been years since the Philippines transformed from being a borrower to a lender to the IMF back in 2011, and has maintained it since.

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