MANILA, Philippines — As presidential spokesperson Harry Roque Jr. wished rigor mortis on critics of the Duterte administration, the country’s economic managers scrambled to stop the economy itself from “sinking deeper and deeper” as President Duterte himself bemoaned earlier this week.
To accomplish the mission, Finance Secretary Carlos Dominguez III had earlier conceded that the country would need at least $1.3 billion in foreign loans from the World Bank, the Asian Development Bank (ADB) and the Beijing-based Asian Infrastructure Investment Bank (AIIB).
The funds will be used to finance a Department of Health plan to vaccinate all 100 million Filipinos by 2023—25.35 million …
Keep on reading: PH ‘sinking deeper and deeper’ into debt