Philippine cb should lobby for more power says IMF

PHILIPPINES - The International Monetary Fund (IMF) is pressing the Bangko Sentral ng Pilipinas, the central bank in the Philippines, to lobby for changes in the country's banking laws in a bid to strengthen the central bank's supervisory powers over banks.

The IMF team, which is in the country to review the government's macroeconomic and fiscal programs as well as monetary policy, has offered technical assistance in the field of bank examination.

BSP deputy governor Alberto Reyes told report

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