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                    [Title] => RP, China near accord on $1-B currency swap
                    [Summary] => As more countries are exiting from the tutelage of the International Monetary Fund (IMF), Asian countries are eyeing a bigger part in stabilizing regional currencies by allowing countries like the Philippines greater access to the funds under the so-called Chang Mai Agreement. 


This developed as the Philippines and China entered the final stages of negotiations for the $1-billion bilateral currency swap agreement under the Chang Mai facility, inching the agreement towards completion within the year. 


                    [DatePublished] => 2003-08-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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CHANG MAI AGREEMENT

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                    [Title] => RP, China near accord on $1-B currency swap
                    [Summary] => As more countries are exiting from the tutelage of the International Monetary Fund (IMF), Asian countries are eyeing a bigger part in stabilizing regional currencies by allowing countries like the Philippines greater access to the funds under the so-called Chang Mai Agreement. 


This developed as the Philippines and China entered the final stages of negotiations for the $1-billion bilateral currency swap agreement under the Chang Mai facility, inching the agreement towards completion within the year. 


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RP, China near accord on $1-B currency swap

By Des Ferriols | August 12, 2003 - 12:00am

As more countries are exiting from the tutelage of the International Monetary Fund (IMF), Asian countries are eyeing a bigger part in stabilizing regional currencies by allowing countries like the Philippines greater...

Business