With around $80 billion in foreign reserves, the country definitely does have the resources to be a contributor to the IMF which will be in the form of a loan that will earn interest.
More significant would be Noynoy’s bragging rights of the country infusing the same amount of contribution to the IMF fund as that of Malaysia and Thailand, both of which are way ahead of the country in terms of economic development..... MORE
Source: The Daily Tribune
URL: http://www.tribune.net.ph/index.php/commentary/editorial/item/628-donor-country
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