RP to discuss funds from Japan

RP to discuss funds from Japan

MANILA (AFP): The Philippine government will discuss this week details of the country's share in a US$30 billion Japanese fund to assist crisis-hit Asian economies, government said announced on Sunday.

The government said a "consultative mission" from Japan is to arrive in Manila this week, although no specific dates were given.

It said the Japanese government told the Philippines during last week's Asia Pacific Economic Cooperation (APEC) summit in Malaysia that Manila would receive $3 billion from the fund.

The aid package was proposed last month by Japanese Finance Minister Koichi Miyazawa to help economies hardest hit by the Asian financial crisis.