{
    "success": true,
    "data": {
        "id": 1435764,
        "msgid": "rp-to-seek-new-imf-loan-1447893297",
        "date": "1999-10-13 00:00:00",
        "title": "RP to seek new IMF loan",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "RP to seek new IMF loan MANILA (AP): Philippine economic officials have agreed that the country should enter into another program with the International Monetary Fund (IMF) when an existing two-year precautionary arrangement expires next March, an official said Tuesday. Finance Secretary Edgardo Espiritu said he expects President Joseph Estrada will soon endorse the country's entry into another IMF agreement.",
        "content": "<p>RP to seek new IMF loan<\/p>\n<p>MANILA (AP): Philippine economic officials have agreed that<br>\nthe country should enter into another program with the<br>\nInternational Monetary Fund (IMF) when an existing two-year<br>\nprecautionary arrangement expires next March, an official said<br>\nTuesday.<\/p>\n<p>Finance Secretary Edgardo Espiritu said he expects President<br>\nJoseph Estrada will soon endorse the country's entry into another<br>\nIMF agreement. Negotiations with the IMF over a new program will<br>\nmost likely begin in January, Espiritu said.<\/p>\n<p>The Philippines is able to draw funds quarterly from its<br>\nexisting precautionary arrangement with the IMF, which allows up<br>\nto US$1.4 billion in standby credit to protect the peso in the<br>\nevent of a massive speculative attack.<\/p>\n<p>The Philippines has so far drawn $733 million from the<br>\narrangement and is expected to draw a further $290 million<br>\nfollowing a favorable IMF review of the country's economic<br>\nprogress.<\/p>\n<p>The Philippines has been under IMF supervision for more than<br>\nthree decades and has made more than 20 borrowing arrangements.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rp-to-seek-new-imf-loan-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}