Aquino meeting with IMF’s Lagarde cancelled

International Monetary Fund (IMF) managing director Christine Lagarde was set to meet President Benigno Aquino III in Manila but the meeting was cancelled because the President was not feeling well. Instead, Lagarde held a press conference in Malacañang and paid a courtesy call on Vice President Jejomar Binay. She is in Manila to seek insights on solving the eurozone crisis and to highlight the need for the Philippines to pass the sin tax reform bill. Her visit comes as Manila shifted from being an IMF borrower to a lender. The first female head of the Washington-based lender is visiting Asia but will cut short her trip to attend a eurozone finance ministers meeting on the Greek crisis in Brussels next week.

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