Morales warns vs Sino loans

0
165

MANILA, Philippines — Former Ombudsman Conchita Carpio-Morales on Friday called on the public to be more vigilant and demand transparency in the implementation of government projects which were chiefly funded by China’s “corrosive” Belt and Road Initiative (BRI) program.

“To borrow the word of an analyst, while it is recognized that the BRI can fast-track our country’s development, the whole work, the hard work and the studies are a mess,” Morales said in an online forum of Stratbase Albert del Rosario Institute.

“We should be warned by how a growing volume of evidence suggests that capital emanating from authoritarian nations have a corrosive effect on democratic institutions an…

Keep on reading: Morales warns vs Sino loans