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Wednesday, January 23, 2013

PHL no longer a third world or less developed (LDC country?)

Ad Majorem.....Wealth Builders

Angono, Rizal, PHL | January 23, 2013

Four years ago, I learned from ADB staff (who were students in a graduate school in house course),  I learned that ADB has stopped treating PHL in terms of loans, aids and grants as LDC. I was wondering?

Lately we heard that PHL is no longer a borrower country at IMF;  it has lent (or deposited) $ l billion at IMF for Eurozone rescue/bail out.  Is it not wonderful?

Then we heard the last quarter growth of the PHL at 7.1%.  making us the biggest performer in Asean.  China is just slightly ahead at 7.8%.   ( Read related article at Filosofo Tasyo)

We also have very rich people listed in Gallery of PHL 40 richest at Forbes

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