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Category Archives: 19th Feb 1988

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Philippines Moves to speed up debt/equity Swaps

19th Feb 1988, Reportage, ReutersBy Chaitanya KalbagAugust 8, 2024Leave a comment

19 February 1988 Reuters News (c) 1988 Reuters Limited English  MANILA, Feb 19 – The Philippines plans to speed up its sluggish debt/equity swap program, Central Bank Governor Jose Fernandez said.  “Our policy is to get rid of the large backlog,” he told a news conference. “We think the people who have applied deserve to…

Philippines Bit player in debt reform-fernandez

19th Feb 1988, Reportage, ReutersBy Chaitanya KalbagAugust 8, 2024Leave a comment

19 February 1988 Reuters News English (c) 1988 Reuters Limited  MANILA, Feb 19 – The Philippines’ 27.8 billion dollar foreign debt makes it a bit player in attempts to find solutions to the debt crisis and Manila prefers to let large debtors take the initiative, Central Bank Governor Jose Fernandez said.  “I think anybody who…

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