Philippines to help ailing nations with $1-billion loan to IMF

[PaYaSo]

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keyword is "Reserves". mao ra ni ako maistorya.

[pepponeskie]

maau ni ang ilang gi buhat...kaysa kawaton ra na sa mga kurakot sa gobyerno sila ra ang maka ginansya. maau ni kay ang interest ari sa atong nasod.

[Crinkles11]

Mao ni giingon ug 'Investment'...

[street_of_no_return]

dugay naman sige tabang ang Phil sa IMF pero not as big as present. Mayta lage makabangon na gyd ni Phil oe para malit tah or mas maayo if magbuhat tag war factory.

[jack_bauer]

bottomline is... BSP ,aside from its regulating functions, acts like a bank.. IMF or WB or any other bank.. BSP will always lend its money..

...end of story..

[KlaytoN]

This kind of statement is uncalled for. First of all do not compare and put the Philippines in the same sentence with the United States. We are a poor and a third world country. Roughly 50% of population are very poor and can only eat 1 decent meal for a day. Maybe bcoz of this so called contribution to IMF our external debt for 1st qtr of 2012 has increased to $62.9 Billion (convert that to peso and figure it out yourself). Yes that is true, the United States is one of nation in the top ten list (No 7) with the biggest external debt, but Japan is on the very top. Dont mind them, coz despite there debt troubles they are still able to provide excellent basis services, however our PITY GOVERNMENT CANNOT.
PH external debt rises to $62.9 billion in Q1 | ABS-CBN News

Wa jud nimo diay nakuha akong punto. Palihug ayaw quote ug part lang sa akong comment to avoid mis interpretation. Please read again the whole content of my comment. And then dugangan pa jud speculation gikan nimo na ang utang nato nidaku because nagpautang ta $1B? First quarter is from Jan to Mar right? Then kining pledge nato sa IMF just came out recently, do your math please..

And if you consider yourself and our country as part of the international community, then you should know what to do especially kung ang mga financiers na imo gi utangan sa una, needed nila ang help karon..

[KlaytoN]

.. wow.. MAYBE ... TRY NEW THINGS. In the form of 1 billion USD. I suggest you open your eyes...

Open your eyes, we are part of the international community. Ang atoang creditor nga sige nato duolan for 40 years, karon sila napud they're knocking at our doorstep asking for assistance. Countries big and small are doing their part.. Unless you're part of KMU or Bayan Muna? sila raman na saba kaayo karon opposed sila ini..

[PagkahomotSAimongUTOToi]

IMO, its ok to lend money, just as long as you wont leave your obligations/responsibilities to your nation behind.

[Saint_hard]

abi nako glisud ta....

[jack_bauer]

Bangko Sentral ng Pilipinas - About the Bank
Overview of Functions and Operations

Management of foreign currency reserves. The BSP seeks to maintain sufficient international reserves to meet any foreseeable net demands for foreign currencies in order to preserve the international stability and convertibility of the Philippine peso.

Other activities. The BSP functions as the banker, financial advisor and official depository of the Government, its political subdivisions and instrumentalities and government-owned and -controlled corporations.

di namn unta ni dapat ma issue oi.. unless this is a BAD banking strategy..