In many examples of Pakistan, Sri Lanka, Malaysia, Laos, Cambodia, Montenegro, Djibouti, and many others, are proofs that the Philippines should be careful with accepting Chinese loans and infrastructure projects with terms very disadvantageous to the country.
While it is of very expensive interest rates, we still welcome and embrace these loans so very prejudicial to our interests national security.
While Japan and other countries offer very low rates, this government still persist to take the loans without thinking of the consequences of the future and our ability to payback.
BOT
While previous administrations had been keen on the Built Operate Transfer (BOT) projects mode of acquiring infrastructure for the country, regarded as safe and avoiding more foreign loans, it is most ideal to maintain at this venture that this current administration should stay.
LOAN OBLIGATIONS AND DEFICITS
We are already in huge foreign loan obligations in deficits recently, and the government approach with China is for more deficits of our foreign debt service problems.
We should depart from taking more foreign loans to stay financially stable and economically sound for the security of our future.
INDUSTRIALIzATION OF OUR ECONOMY
Industrialization of the economy is the only way to secure our future and defend our sovereign territory by modernizing our military through economic security.
No comments:
Post a Comment