Abstract
The Philippine government and the International Monetary Fund (IMF) have just recently agreed on an Extended Fund Facility(EFF) whereinthecountrycoulddrawupto $650 million in loans over three years. Before the EFF agreement, the Philippine government had already put in place an Economic Stabilization Program which was supported by the 18-month Stand-by-Arrangement (SBA) approved by the IMF Executive Boardon February 20, 1991. The SBA, whichwasoriginallydue to expire in August 1992, was extended to December 31, 1992 at the request ofthe Philippine government, and subsequently to March 31, 1993. Since expiration of the SBA byMarch, 1993, the country has been without any IMF Program. Table 1 shows the difference between EFF (Extended Fund Facility) and SBA (Stand-by-Arrangement).
Recommended Citation
Pontines, Victor C.
(1994)
"The Philippine Economic Stabilization Program,"
DLSU Business & Economics Review: Vol. 6:
No.
1, Article 4.
DOI: https://doi.org/10.59588/2243-786X.1430
Available at:
https://animorepository.dlsu.edu.ph/ber/vol6/iss1/4
