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                    [ArticleID] => 101091
                    [Title] => WB agrees to release funds for bank reforms
                    [Summary] => 

The World Bank has agreed to release the second tranche of the Bank Sector
Reform Loan (BSRL) following the agreement between the National Government and
business tycoon Lucio Tan to sell their shares in  Philippine National Bank
(PNB) as a block, Finance Undersecretary Joel Bañares said yesterday.

He  clarified that the "actual sale of PNB is not the conditionality for the
release of the second tranche, but rather the move toward privatization of the
former government financial institution."

With an agreement to sell as a block, Bañares said, the World Bank has
                    [DatePublished] => 2000-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

BANK SECTOR

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                    [ArticleID] => 101091
                    [Title] => WB agrees to release funds for bank reforms
                    [Summary] => 

The World Bank has agreed to release the second tranche of the Bank Sector
Reform Loan (BSRL) following the agreement between the National Government and
business tycoon Lucio Tan to sell their shares in  Philippine National Bank
(PNB) as a block, Finance Undersecretary Joel Bañares said yesterday.

He  clarified that the "actual sale of PNB is not the conditionality for the
release of the second tranche, but rather the move toward privatization of the
former government financial institution."

With an agreement to sell as a block, Bañares said, the World Bank has
                    [DatePublished] => 2000-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

WB agrees to release funds for bank reforms

By Marianne V. Go | March 17, 2000 - 12:00am

The World Bank has agreed to release the second tranche of the Bank Sector Reform Loan (BSRL) following the agreement between the National Government and business tycoon Lucio Tan to sell their shares in Philippine...

Business