1. Josephine Burianyk
Biggest Bank of the World
1. Industrial & Commercial Bank of China (ICBC)
2. China Construction Bank
3. Wells Fargo & Co (USA)
4. HSBC Holdings (UK)
5. Agricultural Bank of China
Acceptable Foreign Currencies in the Philippines
COUNTRY UNIT SYMBOL
UNITED STATES DOLLAR USD
JAPAN YEN JPY
UNITED KINGDOM POUND GBP
HONGKONG DOLLAR HKD
SWITZERLAND FRANC CHF
CANADA DOLLAR CAD
SINGAPORE DOLLAR SGD
AUSTRALIA DOLLAR AUD
BAHRAIN DINAR BHD
KUWAIT DINAR KWD
SAUDI ARABIA RIAL SAR
BRUNEI DOLLAR BND
INDONESIA RUPIAH IDR
THAILAND BAHT THB
UNITED ARAB EMIRATES DIRHAM AED
CHINA YUAN CNY
KOREA WON KRW
EUROPEAN MONETARY EURO EUR
UNION
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2. ARGENTINA PESO ARS
BRAZIL REAL BRL
DENMARK KRONEK DKK
INDIA RUPEE INR
MALAYSIA RINGGIT MYR
CONDITIONS IMPOSED BY THE GLOBAL BANKS TO ITS MEMBERS
FOR INTERNATIONAL MONETARY FUNDS (IMF)
The IMF's conditionality guidelines explicitly call for limiting structural conditions to measures
that are critical to the achievement of program objectives. This excludes other policy measures
that could be very important for the country, but do not affect macroeconomic outcomes.
Discussions with country authorities focus on identifying the above mentioned critical measures
and on keeping their scope and number to a minimum. For instance, conditionality in recent
Fund-supported programs in Ukraine, Hungary, and Iceland focuses on the sectors that are at
the root of the economic crisis.
FOR WORLD BANK
The World Bank has made only limited progress in reducing the number of economic policy
conditions, such as privatisation and trade liberalisation, attached to its financing but is instead
reclassifying and bundling together conditions in order to downplay use of such conditionalities,
a study has found.
A report released last Friday by the European Network on Debt and Development (Eurodad)
concludes that in spite of Bank’s claims to the contrary, the number of controversial economic
policy conditions contained in grants and loans to low-income countries remain, at best,
unchanged or at worse, increased slightly in the two years since the Bank’s implementation of
its Good Practice Principles (GPP) on conditionality.
FOR ASIAN DEVELOPMENT BANK (ADB)
The money would be used for the development of roads and infrastructure.
BORROWING COUNTRIES
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3. WORLD BANK
AFRICA - Lesotho - Kiribati
- Angola - Liberia - Laos, PDR
- Benin - Madagascar - Marshall Islands
- Burkina Faso - Malawi - Micronesia, FS
- Burundi - Mali - Mongolia
- Cape Verde - Mauritania - Myanmar
- Cameroon - Mozambique - Papua New Guinea
- C.A.R. - Niger - Samoa
- Chad - Nigeria - Solomon Islands
- Comoros - Rwanda - Timor-Leste
- Congo, Democratic - Sao Tome and Pr. - Tonga
Republic of (formerly - Senegal - Tuvalu
Zaire) - Sierra Leone - Vanuatu
- Congo, Republic of - Somalia - Vietnam
- Cote D'Ivoire - Sudan
- Eritrea - Tanzania
- Ethiopia - Togo EUROPE AND CENTRAL
ASIA
- Gambia, The - Uganda
- Armenia
- Ghana - Zambia
- Bosnia-Herzegovina
- Guinea - Zimbabwe
- Georgia
- Guinea-Bissau EAST ASIA
_ Kosovo
- Kenya - Cambodia
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4. - Kyrgyz Republic - Honduras SOUTH ASIA
- Moldova - Nicaragua - Afghanistan
- Tajikistan - St Lucia - Bangladesh
- Uzbekistan - St Vincent - Bhutan
LATIN AMERICA AND MIDDLE EAST AND - India
CARIBBEAN NORTH AFRICA
- Maldives
- Bolivia - Djibouti
- Nepal
- Dominica - Yemen, Republic of
- Pakistan
- Grenada
- Sri Lanka
- Guyana
- Haiti
INTERNIATIONAL MONETARY FUND (IMF)
1. Angola 12. Kosovo
2. Antigua and Barbuda 13. Latvia, Republic of
3. Boznia and Herzegovina 14. Maldives
4. Dominican Republic 15. Pakistan
5. El Salvador 16. Romania
6. Georgia 17. Sri Lanka
7. Greece 18. Ukraine
8. Honduras 19. Armenia, Republic of
9. Iceland 20. Ireland
10. Iraq 21. Moldova, Repbublic of
11. Jamaica 22. Seychelles
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5. 23. Colombia 40. Kenya
24. Mexico 41. Lesotho
25. Poland, Republic of 42. Liberia
26. Macedonia 43. Malawi
27. Armenia 44. Mali
28. Benin 45. Mauritania
29. Burkina Faso 46. Moldova
30. Burundi 47. Nicaragua
31. Comoros 48. Niger
32. Congo, Democratic Republic of 49. Sao Tome & Principe
33. Congo, Republic of 50. Tajikistan, Republic of
34. Cote d’Ivoire 51. Togo
35. Djibouti 52. Yemen, Republic of
36. Ghana 53. Zambia
37. Grenada 54. Maldives
38. Guinea-Bissau 55. Honduras
39. Haiti 56. Solomon Islands
ASIAN DEVELOPMENT BANK (ADB)
Pacific
Kiribati Palau Timor-Leste
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6. Marshall Islands Papua New Guinea Tuvalu
Micronesia, Federated Samoa Tonga
States of
Nauru Solomon Islands Vanuatu
Southeast Asia
Cambodia Lao People's Democratic Viet Nam
Republic
South Asia
Bangladesh Bhutan Maldives
Nepal Sri Lanka
Central and West Asia
Afghanistan Armenia Georgia
Kyrgyz Republic Pakistan Tajikistan
Uzbekistan
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