China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

The truth about Asian investment banking

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Skip Navigation LinksHome :: Back Issues :: Philippines: Cleaning up the curve

September 2006

Philippines: Cleaning up the curve


After the success of the first phase of the Philippines’ local debt consolidation programme, the republic’s treasurer, Omar Cruz, announced in August the launch of an additional debt exchange offer.

Part of Cruz’s efforts to...


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