Finance Secretary Carlos Dominguez recently rejected the proposal of economic affairs committee chair Senator Imee Marcos to seek a moratorium on debt payments to enable additional funding for the country’s COVID-19 response measures. Dominguez said the proposition has not been and will never be considered despite the pandemic. Honoring its financial obligations, he said, is the strongest pillar of the Philippines’ standing in the global community and the reason behind investor confidence in the economy.
Emergency relief and COVID-19 response more important than debt payments
Emergency relief and COVID-19 response more important than debt payments
April 16, 2020
By IBON Media
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