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                    [ArticleID] => 95785
                    [Title] => Asean hikes swap facility to $1 billion
                    [Summary] => The country has forged a swap arrangement with other members of the Association of Southeast Asian Nations (ASEAN) that enables it to avail itself of emergency liquidity assistance of as much as $300 million.


Finance Secretary Alberto Romulo, who recently attended the fifth ASEAN Finance Ministers Meeting in Kuala Lumpur, Malaysia, said the ASEAN Swap Arrangement (ASA) is part of the Chiang Mai Initiatives (CMI) adopted by member-countries to cope with the regional financial crisis that hit most countries in the region in 1997.


                    [DatePublished] => 2001-04-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
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CHIANG MAI INITIATIVES

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                    [ArticleID] => 95785
                    [Title] => Asean hikes swap facility to $1 billion
                    [Summary] => The country has forged a swap arrangement with other members of the Association of Southeast Asian Nations (ASEAN) that enables it to avail itself of emergency liquidity assistance of as much as $300 million.


Finance Secretary Alberto Romulo, who recently attended the fifth ASEAN Finance Ministers Meeting in Kuala Lumpur, Malaysia, said the ASEAN Swap Arrangement (ASA) is part of the Chiang Mai Initiatives (CMI) adopted by member-countries to cope with the regional financial crisis that hit most countries in the region in 1997.


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Asean hikes swap facility to $1 billion

By Rocel Felix | April 15, 2001 - 12:00am

The country has forged a swap arrangement with other members of the Association of Southeast Asian Nations (ASEAN) that enables it to avail itself of emergency liquidity assistance of as much as $300 million. Finance...

Business