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Strategies & Market Trends : Asia Forum

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To: Thomas Haegin who wrote (1421)	1/23/1998 9:57:00 AM
From: Thomas Haegin	Read Replies (1) of 9980

Repost: Not so bad pre-emptive move by the Phillies -------------------------------------------------- Infobeat 01/21/98 Philippines seeks $5B from IMF, others The Philippines is negotiating with the International Monetary Fund and others for up to $5 billion in credit, even though the country's economy remains among the soundest in troubled Southeast Asia. President Fidel Ramos says he is seeking standby funds of at least $2.7 billion from the IMF, and the country also is negotiating with the World Bank and the Asian Development Bank. Ramos says the move to seek the credit is a "precautionary" measure. (USA Today)

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