The bible of Philippine politics

Think again Duterte! Pangilinan warns: PH’s rejection of foreign aid could affect investments, OFWs

0 509

The Philippines’ rejection of foreign aid, loans, and grants from the countries supporting the United Nations’ (UN) probe on the administration’s war on drugs could affect direct investments and overseas Filipino workers, Senator Francis “Kiko” Pangilinan said Monday.

In a television interview, Pangilinan called the foreign aid rejected by the government a “huge loss” considering that assistance from Australia, UK, Italy, and Spain alone already amount to P20 billion pesos.

“But that is not the only loss. These aid agencies of these countries also provide guidance to their businessmen. Technocrats from these countries provide information that affect direct investments. If they relay such information of pressure, the decision to invest here will be affected,” he said.

Pangilinan said the OFWs working in the countries whose aid was rejected by the government could suffer. He noted that UK, Italy, Australia are among the top 10 countries of destination for Filipinos.

“So hindi ganoon kasimple ang ganitong parang wag na nating tanggapin lahat yan, etc. (Saying we won’t accept all these is not that simple),” he said.

The Philippine government has rejected foreign aid, loans, and grants from Argentina, Australia, Austria, Bahamas, Bulgaria, Croatia, Czech Republic, Denmark, Fiji, Iceland, Italy, Mexico, Peru, Slovakia, Spain, Ukraine, United Kingdom Great Britain and Northern Ireland, and Uruguay for backing the UN’s probe on drug-related killings.

Pangilinan said Duterte’s rejection of foreign aid is “a step in the wrong direction.”

“That’s most unfortunate. We hope the government will reconsider,” he said.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy