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Bankers, investors and other financial markets players in the United States are concerned as to how the Philippine government intends to finance its P62.5-billion deficit target for the year.
Another main concern is the country's being included in the list of the world's money laundering havens.
Finance Secretary Jose T. Pardo told yesterday's Cabinet meeting that US Treasury head Larry Summer offered to send experts to help the Philippines get out of the money laundering blacklist.
He also said bankers and financial market players who met with Presidents Estrada's party during July 25 to Aug. 5 US visit advised the country's economic managers against tapping the global bond market anew.
"We did meet with the financial and banking community in New York and in Washington and - …