^
+ Follow BANKING SECTOR REFORM LOAN Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 152862
                    [Title] => JBIC to co-finance WB loan to RP
                    [Summary] => The Japan Bank for International Cooperation (JBIC) is keen on co-financing with the World Bank (WB) government proposed $200-million Public Finance Strengthening Project (PFSP).


Finance Undersecretary Juanita Amatong said JBIC recently expressed its willingness to co-finance the PFSP that is supposed to replace the $400-million Public Sector Reform Loan (PSRL) which government cancelled earlier.

"If the deal pushes through, both agencies will be putting in the same amount which means government can raise a total of $400 million," said Amatong.
[DatePublished] => 2002-03-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 134571 [Title] => RP to seek new $200-M World Bank loan [Summary] => The National Government will ask the World Bank (WB) for a new $200-million Public Finance Reform Loan (PFRL) to replace the $400-million Public Sector Reform Loan (PSRL) which government earlier cancelled.

The PSRL was originally supposed to also replace the $400-million Banking Sector Reform Loan (BSRL) which expired last June. Government decided not to pursue its renewal after failing to comply with the loan’s conditionalities.

Finance Undersecretary Juanita Amatong said government is still pushing for the $400-million loan but will pursue it in phases.
[DatePublished] => 2001-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 92864 [Title] => Government seeks $600-M World Bank loan [Summary] => The government will push for a new $400-million to $600-million Public Sector Reform Loan (PSRL) with the World Bank this year.

Newly-installed Finance Secretary Jose Isidro Camacho said the government will sit down soon with the WB to begin negotiations for the PSRL which will replace the Banking Sector Reform Loan (BSRL) expiring this month.

The remaining $400-million BSRL was cancelled by the Department of Finance (DOF) because government could not comply with a major conditionality – the privatization of the Philippine National Bank (PNB).
[DatePublished] => 2001-06-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 95492 [Title] => Government seeks $600-M World Bank loan [Summary] => The government will push for a new $400-million to $600-million Public Sector Reform Loan (PSRL) with the World Bank this year.

Newly installed Finance Secretary Jose Isidro Camacho said the government will sit down soon with the WB to begin negotiations for the PSRL which will replace the Banking Sector Reform Loan (BSRL) expiring this month.

The remaining $400-million BSRL was cancelled by the Department of Finance (DOF) because government could not comply with a major conditionality – the privatization of the Philippine National Bank (PNB).
[DatePublished] => 2001-06-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 92734 [Title] => RP under pressure to pass anti-money laundering bill [Summary] => There are moves to step up the pressure on the Philippines to pass the anti-money laundering bill.

Some foreign correspondent banks of local banks have reportedly been unusually strict with transactions coming from the Philippines.
[DatePublished] => 2001-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 95446 [Title] => RP under pressure to pass anti-money laundering bill [Summary] => There are moves to step up the pressure on the Philippines to pass the anti-money laundering bill.

Some foreign correspondent banks of local banks have reportedly been unusually strict with transactions coming from the Philippines.
[DatePublished] => 2001-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 96170 [Title] => Government to push through with $500-M private placement [Summary] => The National Government will prioritize the borrowing of $500 million in the next two months from the international debt market through a private placement.

Juanita Amaton, officer in charge of the Department of Finance (DOF) who earlier said a $250-million private placement will not push through next month because of the uncertainties in the debt market resulting from the volatile political situation in the country, said the plan will finally materialize.
[DatePublished] => 2001-05-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 96153 [Title] => Government seeks $600-M loan from World Bank [Summary] => The government is planning to negotiate for a new $600-million Public Sector Reform Loan (PSRL) with the World Bank (WB) to replace the Banking Sector Reform Loan (BSRL) expiring this June.

Department of Finance (DOF) officer-in-charge Juanita Amatong said the PSRL which still needs to be firmed up could incorporate the remaining $400-million BSRL which government will forfeit when the WB-funded loan lapses this June.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 96162 [Title] => Government mulls flotation of $1-B bonds next month [Summary] => Government plans to issue as much as $1 billion worth of bonds in the US, Japan and Europe next month, Finance Undersecretary Juanita Amatong said yesterday.

Amatong said government needs to borrow a bigger amount to replace the $400-million Banking Sector Reform Loan (BSRL) that will lapse next month.

"We are going to the market to replace funds that should have come from the BSRL loan," Amatong said.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 99335 [Title] => Government to push through with $500-M private placement [Summary] => The National Government will prioritize the borrowing of $500 million in the next two months from the international debt market through a private placement.

Juanita Amaton, officer in charge of the Department of Finance (DOF) who earlier said a $250-million private placement will not push through next month because of the uncertainties in the debt market resulting from the volatile political situation in the country, said the plan will finally materialize.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
BANKING SECTOR REFORM LOAN
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 152862
                    [Title] => JBIC to co-finance WB loan to RP
                    [Summary] => The Japan Bank for International Cooperation (JBIC) is keen on co-financing with the World Bank (WB) government proposed $200-million Public Finance Strengthening Project (PFSP).


Finance Undersecretary Juanita Amatong said JBIC recently expressed its willingness to co-finance the PFSP that is supposed to replace the $400-million Public Sector Reform Loan (PSRL) which government cancelled earlier.

"If the deal pushes through, both agencies will be putting in the same amount which means government can raise a total of $400 million," said Amatong.
[DatePublished] => 2002-03-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 134571 [Title] => RP to seek new $200-M World Bank loan [Summary] => The National Government will ask the World Bank (WB) for a new $200-million Public Finance Reform Loan (PFRL) to replace the $400-million Public Sector Reform Loan (PSRL) which government earlier cancelled.

The PSRL was originally supposed to also replace the $400-million Banking Sector Reform Loan (BSRL) which expired last June. Government decided not to pursue its renewal after failing to comply with the loan’s conditionalities.

Finance Undersecretary Juanita Amatong said government is still pushing for the $400-million loan but will pursue it in phases.
[DatePublished] => 2001-09-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 92864 [Title] => Government seeks $600-M World Bank loan [Summary] => The government will push for a new $400-million to $600-million Public Sector Reform Loan (PSRL) with the World Bank this year.

Newly-installed Finance Secretary Jose Isidro Camacho said the government will sit down soon with the WB to begin negotiations for the PSRL which will replace the Banking Sector Reform Loan (BSRL) expiring this month.

The remaining $400-million BSRL was cancelled by the Department of Finance (DOF) because government could not comply with a major conditionality – the privatization of the Philippine National Bank (PNB).
[DatePublished] => 2001-06-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 95492 [Title] => Government seeks $600-M World Bank loan [Summary] => The government will push for a new $400-million to $600-million Public Sector Reform Loan (PSRL) with the World Bank this year.

Newly installed Finance Secretary Jose Isidro Camacho said the government will sit down soon with the WB to begin negotiations for the PSRL which will replace the Banking Sector Reform Loan (BSRL) expiring this month.

The remaining $400-million BSRL was cancelled by the Department of Finance (DOF) because government could not comply with a major conditionality – the privatization of the Philippine National Bank (PNB).
[DatePublished] => 2001-06-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 92734 [Title] => RP under pressure to pass anti-money laundering bill [Summary] => There are moves to step up the pressure on the Philippines to pass the anti-money laundering bill.

Some foreign correspondent banks of local banks have reportedly been unusually strict with transactions coming from the Philippines.
[DatePublished] => 2001-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 95446 [Title] => RP under pressure to pass anti-money laundering bill [Summary] => There are moves to step up the pressure on the Philippines to pass the anti-money laundering bill.

Some foreign correspondent banks of local banks have reportedly been unusually strict with transactions coming from the Philippines.
[DatePublished] => 2001-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 96170 [Title] => Government to push through with $500-M private placement [Summary] => The National Government will prioritize the borrowing of $500 million in the next two months from the international debt market through a private placement.

Juanita Amaton, officer in charge of the Department of Finance (DOF) who earlier said a $250-million private placement will not push through next month because of the uncertainties in the debt market resulting from the volatile political situation in the country, said the plan will finally materialize.
[DatePublished] => 2001-05-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 96153 [Title] => Government seeks $600-M loan from World Bank [Summary] => The government is planning to negotiate for a new $600-million Public Sector Reform Loan (PSRL) with the World Bank (WB) to replace the Banking Sector Reform Loan (BSRL) expiring this June.

Department of Finance (DOF) officer-in-charge Juanita Amatong said the PSRL which still needs to be firmed up could incorporate the remaining $400-million BSRL which government will forfeit when the WB-funded loan lapses this June.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 96162 [Title] => Government mulls flotation of $1-B bonds next month [Summary] => Government plans to issue as much as $1 billion worth of bonds in the US, Japan and Europe next month, Finance Undersecretary Juanita Amatong said yesterday.

Amatong said government needs to borrow a bigger amount to replace the $400-million Banking Sector Reform Loan (BSRL) that will lapse next month.

"We are going to the market to replace funds that should have come from the BSRL loan," Amatong said.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 99335 [Title] => Government to push through with $500-M private placement [Summary] => The National Government will prioritize the borrowing of $500 million in the next two months from the international debt market through a private placement.

Juanita Amaton, officer in charge of the Department of Finance (DOF) who earlier said a $250-million private placement will not push through next month because of the uncertainties in the debt market resulting from the volatile political situation in the country, said the plan will finally materialize.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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