MONDAY |NOVEMBER 03, 2008 | PHILIPPINES

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Gloria set to make
quick trip to US


BY JOCELYN MONTEMAYOR

PRESIDENT Arroyo could make a quick trip to the United States next week for the Global Leaders’ Crisis Summit in the UN headquarters in New York on the invitation of the Kingdom of Saudi Arabia.

Press Secretary Jesus Dureza said the President "will probably respond positively" to the call because of the Philippines’ "deep support" for Saudi Arabia and the Middle East’s "support" for the country.

US President George W. Bush is hosting a meeting of the global leaders from the G20 or 20 top developed economies, International Monetary Fund managing director Dominique Strauss-Kahn, World Bank Group president Robert B. Zoellick, United Nations secretary general Ban Ki-moon, and chairman of the Financial Stability Forum Mario Draghi to discuss the world financial crisis.

The G20 is composed of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the US and European Union.

Dureza said the President would stay for only one day in the US.

He said Arroyo is scheduled to receive Thailand Prime Minister Somchai Wongsawat who will be here Nov. 11 to 12 to preside the meeting of the technical working group of the Association of Southeast Asian Nations that is tackling the proposed expansion of the Chang Mai fund to assist developing economies with liquidity problems.

Arroyo will attend the Asia Pacific Economic Forum meeting in Peru in the third week of November.

Arroyo will also attend the Asean meeting in Chiang Mai in Thailand in December where her advocacy to turn the Chiang Mai Initiative into a bigger more quick disbursing standby fund will be decided.

 


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