IMF chief lauds PH economy; PNoy a no-show in courtesy call

Posted at Nov 16 2012 12:33 PM | Updated as of Nov 16 2012 10:51 PM

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International Monetary Fund chief Christine Lagarde lauds Philippine officials for managing the economy "excellently" during difficult times.

Lagarde, the first woman to head the IMF, arrived in Manila Thursday, as part of her tour of Asian countries to gather inputs on how to solve the euro zone debt crisis.

Lagarde made special mention that the Philippines is now a creditor of the IMF. However, President Aquino was a no-show during the courtesy call in Malacanang this morning, because he "wasn't feeling well."

On Friday morning, She met Vice President Jejomar Binay, Finance Secretary Cesar Purisima, Budget Secretary Butch Abad and BSP deputy governor Diwa Gunigundo. ANC Dateline Philippines, November 16, 2012