Facing the country’s ballooning debt: Do more loan-bolstered funds spell certain progress? | Business World
by Reine Juvierre S. Alberto Freedom from Debt Coalition (FDC) Secretary General Rovik Obanil said under Marcos Sr., the Philippines faced a debt crisis. Before that, the national debt surged, but due to corruption and mismanagement, only a few benefited from the loans incurred. “It took us more than a generation to pay off [that […]