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                    [ArticleID] => 96190
                    [Title] => WB to lend RP $200 M for social projects
                    [Summary] => Trade and Industry Secretary Manuel Roxas II said yesterday the World Bank has agreed to provide the country with a $100 million to $200-million budgetary support loan to fund government’s social works projects.


Roxas met the other day with World Bank resident representative Vinay Bhargava to discuss the bank’s continuing support for the country and the Arroyo administration.


                    [DatePublished] => 2001-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 97967
                    [Title] => Government to shun international capital market in favor of ODA next year
                    [Summary] => The National Government will rely next year on official development assistance (ODA) and funding from bilateral and multilateral financial institutions to help finance its budgetary requirements.


This was revealed yesterday by Finance Secretary Jose T. Pardo who said ODA, bilateral and multilateral financing would supplement domestic borrowings. As a last resort, the government will only go back to the international capital market if the domestic funding and ODA funds are not enough.


                    [DatePublished] => 2000-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
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                    [URL] => 
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                    [ArticleID] => 98463
                    [Title] => Gov’t eyes ‘call’ option on PNB shares held by Tan
                    [Summary] => After asking Lucio Tan to agree to a "put" option that will require him to buy the government’s shares in Philippine National Bank two years from now, Finance Secretary Jose T. Pardo is now studying a "call" option that will give the Philippine government the right to buy back two years from now the new share which the government did not subscribe to during the recently concluded PNB stock rights offering.


Under that rights offering, the government’s 30.4 percent stake in PNB was reduced to about 16 percent as Tan picked up the shares.


                    [DatePublished] => 2000-10-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 100472
                    [Title] => RP growth targets within range - World Bank
                    [Summary] => 

The country's economic growth targets for this year are within range as long as
agriculture and manufacturing do not misfire,  World Bank resident
representative Vinay Bhargava said  yesterday.

The country has targeted gross domestic product growth  (GDP) of four to five
percent this year and 4.5-5.5 percent in terms of gross national product (GNP)
expansion.

GDP, the sum of the country's goods and services output, rose 3.2 percent last
year, with GNP, which adds foreign income, growing 3.6 percent.

"The targets are achievable," Bhargava told reporters, adding that the "f
                    [DatePublished] => 2000-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 101474
                    [Title] => Funding agencies withhold loans for RP
                    [Summary] => 

Finance Secretary Jose T.
                    [DatePublished] => 2000-01-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 101298
                    [Title] => NG needs to borrow $1.5 B this yr - DOF
                    [Summary] => 

The government needs to borrow some $1.5 billion from foreign sources to help
finance the expected budget deficit of P62.5 billion for this year, Finance
Undersecretary Joel Banares said  yesterday.

He said of  the $1.5 billion financing requirements, the government  has
identified official loans such as the $300- $500 million  loan from the
Japanese government under the Miyazawa initiative.

However, Banares said the loans are still being negotiated and  is still
uncertain if the Japanese government will approve the government's
request.

"It is also not yet clear if the 
                    [DatePublished] => 2000-01-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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)

BANK SECTOR REFORM LOAN

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    [results] => Array
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                    [ArticleID] => 96190
                    [Title] => WB to lend RP $200 M for social projects
                    [Summary] => Trade and Industry Secretary Manuel Roxas II said yesterday the World Bank has agreed to provide the country with a $100 million to $200-million budgetary support loan to fund government’s social works projects.


Roxas met the other day with World Bank resident representative Vinay Bhargava to discuss the bank’s continuing support for the country and the Arroyo administration.


                    [DatePublished] => 2001-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [URL] => 
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                (
                    [ArticleID] => 97967
                    [Title] => Government to shun international capital market in favor of ODA next year
                    [Summary] => The National Government will rely next year on official development assistance (ODA) and funding from bilateral and multilateral financial institutions to help finance its budgetary requirements.


This was revealed yesterday by Finance Secretary Jose T. Pardo who said ODA, bilateral and multilateral financing would supplement domestic borrowings. As a last resort, the government will only go back to the international capital market if the domestic funding and ODA funds are not enough.


                    [DatePublished] => 2000-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 98463
                    [Title] => Gov’t eyes ‘call’ option on PNB shares held by Tan
                    [Summary] => After asking Lucio Tan to agree to a "put" option that will require him to buy the government’s shares in Philippine National Bank two years from now, Finance Secretary Jose T. Pardo is now studying a "call" option that will give the Philippine government the right to buy back two years from now the new share which the government did not subscribe to during the recently concluded PNB stock rights offering.


Under that rights offering, the government’s 30.4 percent stake in PNB was reduced to about 16 percent as Tan picked up the shares.


                    [DatePublished] => 2000-10-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 100472
                    [Title] => RP growth targets within range - World Bank
                    [Summary] => 

The country's economic growth targets for this year are within range as long as
agriculture and manufacturing do not misfire,  World Bank resident
representative Vinay Bhargava said  yesterday.

The country has targeted gross domestic product growth  (GDP) of four to five
percent this year and 4.5-5.5 percent in terms of gross national product (GNP)
expansion.

GDP, the sum of the country's goods and services output, rose 3.2 percent last
year, with GNP, which adds foreign income, growing 3.6 percent.

"The targets are achievable," Bhargava told reporters, adding that the "f
                    [DatePublished] => 2000-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 101474
                    [Title] => Funding agencies withhold loans for RP
                    [Summary] => 

Finance Secretary Jose T.
                    [DatePublished] => 2000-01-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 101298
                    [Title] => NG needs to borrow $1.5 B this yr - DOF
                    [Summary] => 

The government needs to borrow some $1.5 billion from foreign sources to help
finance the expected budget deficit of P62.5 billion for this year, Finance
Undersecretary Joel Banares said  yesterday.

He said of  the $1.5 billion financing requirements, the government  has
identified official loans such as the $300- $500 million  loan from the
Japanese government under the Miyazawa initiative.

However, Banares said the loans are still being negotiated and  is still
uncertain if the Japanese government will approve the government's
request.

"It is also not yet clear if the 
                    [DatePublished] => 2000-01-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

WB to lend RP $200 M for social projects

February 21, 2001 - 12:00am

Trade and Industry Secretary Manuel Roxas II said yesterday the World Bank has agreed to provide the country with a $100 million to $200-million budgetary support loan to fund government’s social works projects. Roxas...

Business

Government to shun international capital market in favor of ODA next year

November 20, 2000 - 12:00am

The National Government will rely next year on official development assistance (ODA) and funding from bilateral and multilateral financial institutions to help finance its budgetary requirements. This was revealed...

Business

Gov’t eyes ‘call’ option on PNB shares held by Tan

By Marianne V. Go | October 10, 2000 - 12:00am

After asking Lucio Tan to agree to a "put" option that will require him to buy the government’s shares in Philippine National Bank two years from now, Finance Secretary Jose T. Pardo is now studying...

Business

RP growth targets within range - World Bank

By Marianne V. Go | April 11, 2000 - 12:00am

The country's economic growth targets for this year are within range as long as agriculture and manufacturing do not misfire, World Bank resident representative Vinay Bhargava said yesterday. The country has...

Business

Funding agencies withhold loans for RP

By Marianne V. Go | January 28, 2000 - 12:00am

Finance Secretary Jose T.

Business

NG needs to borrow $1.5 B this yr - DOF

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

The government needs to borrow some $1.5 billion from foreign sources to help finance the expected budget deficit of P62.5 billion for this year, Finance Undersecretary Joel Banares said yesterday. He said...

Business