Philippine president: World Bank eyes $10-B for ‘standby fund’ - Instablogs
Philippine president: World Bank eyes $10-B for ‘standby fund’
Grace Calderon , Quezon City: Oct 15 2008
Made Popular Oct 16 2008
Philippines :
Southeast Asian nations, backed by Japan, China and South Korea, have agreed to set up a multi-billion dollar fund to buy toxic debt and help the region’s banks hit by the financial crisis. The World Bank has committed to initially provide $10...
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Tags: economic crisis, Southeast Asia, World Bank, toxic debt
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Rita Veshnida
2 Stars
Rita Veshnida Oct 16 2008
San Francisco, United States
Well, the WB has horded enough funds from its member countries anyway. So, there’s lots on stock. :)
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Grace Calderon
1 Stars
Grace Calderon Oct 16 2008
Quezon City, Philippines
But it’s good that it can come to the rescue. ;)
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