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JAYME SAYS MANILA TAKES HEART FROM MEXICO DEAL

6th Jan 1988, Reportage, ReutersBy Chaitanya Kalbag August 8, 2024 Leave a comment

6 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 6 – The options available in solving the global debt crisis had broadened dramatically with U.S. government backing of a Mexican plan to retire a large part of its foreign debt, Philippine Finance Secretary Vicente Jayme said. “I feel that the Mexican package…

Manila wants better repayment terms than lenders gave Mexico

19th Jan 1987, Reportage, ReutersBy Chaitanya Kalbag August 2, 2024 Leave a comment

19 January 1987 The Toronto star MANILA, PHILIPPINES — He told a press conference Manila would not resume talks on restructuring $3.6 billion of its $28.6 billion debt until a “better than Mexico” offer was made. Bankers consider the Mexican deal the most lenient a major debtor nation has received from creditor banks. Ongpin said…