UBS labels IMF as source of damaging statistics

The International Monetary Fund has been criticised by UBS Warburg for providing inaccurate data on the Philippines economy, according to a local newspaper report.

Source: Philippine Daily Inquirer

UBS Warburg, one of the world's largest offshore banks, has tagged the International Monetary Fund as the source of economic data it used in a study that impaired the government's foreign bond issue last month.

In a letter to Bangko Sentral Governor Rafael Buenaventura and Finance Secretary Jose Isidr

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