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IMF sees Philippine 2009 BOP surplus at $6B


Reuters
First Posted 15:55:00 11/25/2009

Filed Under: Economy and Business and Finance

MANILA, Philippines—The International Monetary Fund said on Wednesday that the Philippines should record a balance of payments surplus of $6 billion in 2009, higher than a previous estimate made by the institution of a $4.9 billion surplus.

Il Houng Lee, the head of an IMF mission that has just concluded a visit to Manila, also said that the BOP surplus in 2010 should amount to $4.5 billion.


Copyright 2010 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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