Posted on 5 Comments

Senator Imee Marcos Stresses the Almost ZERO Percent Interest Rate for World Bank Loans

credit

By: Elena Grace Flores


YouTube video by Imee Marcos

Working quarantine # 1

President Duterte Eyes Selling Govt. Properties

While on quarantine, Senator Imee Marcos worked on three bills for the March 23 filing at the Senate. This is to make all the President’s realignment of funds constitutional. Marcos stresses on her quarantine #1 video that the the Philippines can have almost 0% interest loans. The IMF or World Bank loans are the readily available sources. However the $500 million loan in 2015 during the Aquino administration remains questionable.



Senator Imee Marcos Pushes World Bank Loan

The World Bank recently approves US$500 million in financing to help strengthen the Philippine government’s efforts to address disaster risks. This is essential to efficiently respond and recover from natural disasters. The financing also supports urgent needs that the COVID-19 crisis brings forth to the country. In her scrutinizing the laws while on quarantine, the Senator mentions that the Philippines also has provisions for calamity funds. Therefore, it creates an impression that aside from the economic loans at unbelievably almost nothing interest rate, the Philippine administration seems to be legible to get open loans that correspond to the statements of the late President Ferdinand Marcos. In fact, the first-year interest fee has been waived. The credit term for 29 years is also enough for the country to recover plus a 10-year and a half grace period.

Transparent $500-million World Bank Loan

President Rodrigo Duterte made it a point to be transparent when it comes to money matters. However, it seems hard for the media to get the exact figures on the interest rate, credit term, and the reasons why the country receives favorable arrangements from WB. It is a known fact that the Work Bank borrows money from the economy and lend them to 3rd world countries or nations in need at a higher rate. To have an almost 0% interest for the Philippines can only pinpoint to some reserves that remain a secret perhaps until COVID-19.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)


https://www.philstar.com/business/2020/04/10/2006587/world-bank-extends-fresh-500-m-philippines-covid-19-fight

5 thoughts on “Senator Imee Marcos Stresses the Almost ZERO Percent Interest Rate for World Bank Loans

  1. BASTA MARCOS MAASAHAN GOGOGO SENATOR IMEE GOD BLESS PO SAU AT NAWAY MAGAWAN MO NG PARAAN ETO MAIPASA SA BILL SA SENADO MAAM IMEE

  2. MALAKING BAGAY YAN SENADORA PRA SA MGA TAONG BAYAN NATIN NANGANGAILANGAN NG TULONG SNA MADALIIN AT IPASA AGAD AGAD PRA NMN MAPAKINABANGAN NG TAONG BAYAN

    1. mabuhay po kayo mam imee marcos at ng buo mong pamilya salamat sa inyongkadakilaang puso since my family solid marcos ever more power marcoses more bless

  3. Marcosses is a very big help to our country. They should be back to their positions in the government so that our economy can move and grow faster. More greater ideas we can achieve from them in terms of economy.

  4. salamat apo senadora…DIYOS ti ag ngina ….sapay ken apo ta adu pay pigsa ken kired nga agturay para kadakami a marigrigat…agyaman kami apo..

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.