July 11, 2020
June 30, 2020
The Duterte administration’s foreign borrowing has continued to rise during the pandemic. How much is really to respond to COVID-19, and how much for debt-driven growth and the illusion of development?
June 13, 2020
The finance department underscores the need for government to borrow from foreign sources to fund its economic recovery plan. Multilateral and country creditors have unsurprisingly exploited the situation and recycled funds to lend. But do we really need to borrow for COVID-19 response? How are we going to pay for all of these debts?
March 3, 2020
January 15, 2019
January 8, 2019
July 20, 2018
Nearing the third State of the Nation address, research group IBON said that debt-driven growth under the Duterte administration is not resulting in substantial improvements in the Philippine economy. According to the group, while ballooning debt accelerated government spending and pushed the 6.8% economic growth during the past year, the agriculture and industry sectors, which […]
May 25, 2017
The Duterte administration’s declaration of martial law in Mindanao increases political instability in the country, research group IBON said, and will not help the economy, which is already slowing as it is. While the 1987 Constitution provides for such a declaration, its indiscriminate use gives the impression of an authoritarian government arbitrarily using power for […]