Philippines set to boost reserves by US $500m

The Philippines central bank said it intends to increase its dollar reserves before the May 10 presidential election through a new 500 million US dollar borrowing.

"We think there might be an opportunity. We would like to see if we have a good market today or we'll wait until end of the year. We asked for proposals (from private lenders). We're looking at about 500 million usd," Buenaventura told reporters AFX Asia said.

Buenaventura said proceeds of the planned borrowing will be purely for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.