MANILA, Nov 25 (Reuters) - 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.
(Reporting by Karen Lema)
((manolo.serapio@thomsonreuters.com; +632 841 8936; Reuters Messaging: manolo.serapio.reuters.com@reuters.net)) Keywords: PHILIPPINES ECONOMY/BOP (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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.
(Reporting by Karen Lema)
((manolo.serapio@thomsonreuters.com; +632 841 8936; Reuters Messaging: manolo.serapio.reuters.com@reuters.net)) Keywords: PHILIPPINES ECONOMY/BOP (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.