However, the sheer size of these financial flows into the United States is not sustainable indefinitely. We know that U.S. external indebtedness-even with that country's reserve-currency status-cannot keep growing forever. This is especially so given that this borrowing is being used mainly to finance current consumption.
To continue the integration process, the Monetary Board unanimously approved the budget for the pilot-testing of the teachers’ guides. Today, try-out teachers with their principals and supervisors are in Mandaluyong to complete a two-day launching and orientation for pilottesting in Luzon. Similar programs will be held in the cities of Angeles, Cebu and Davao within the next two weeks.