Philippine debt

New taxes to pay for Duterte indulgences, not for COVID response—IBON

May 26, 2022

The DOF’s proposed new taxes for the incoming administration are for paying off the Duterte government’s relentless borrowing for its infrastructure and debt servicing fetish, not for much-needed COVID-19 response.

PH isn’t Sri Lanka… yet

May 25, 2022

The Philippines isn’t going the way of Sri Lanka yet in defaulting on its foreign debt payments anytime soon. Which is not to say that there are no lessons to be learned from the first canary to die in the coal mine of growing global debt distress.

Duterte’s Pandemic Borrowing

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?