Monday, September 23, 2019

Philippines suspends accepting Loans and Grants from Australia and other Countries

Unfortunately Australia is one of the countries that the Philippines is suspending accepting Loans and Grants from in relation to their support to the United Nation’s (UN) Resolution to investigate the extrajudicial killings under the Duterte Administration.

Defense Secretary Delfin Lorenzana earlier said that the six Offshore Patrol Vessels (OPV) they want the Shipbuilder Austal to build will be financed by Australia, but with the suspension of the acceptance of loans from them then this deal is now a big question mark.

France is still in play though, so any loans we might get from them for Submarines can still push thru. Maybe they can finance the OPVs also, but other factors come into play like cost, the ships may be more expensive if they build it.

There’s always Russia for Loans and Grants, but the United States (US) insists on interfering with our internal affairs thru their Countering America's Adversaries Through Sanctions Act (CAATSA) Law to keep us under their influence. It may be possible to circumvent that law, but it won’t be easy and it will need a lot of Political Will and economic maneuverings.

There’s South Korea also, but not sure if they can match Australia’s terms for the Loan. At any rate, let’s just see what will happen next.

As a side note, the UN should acknowledge the fact that as per the latest Social Weather Station (SWS) Survey, Duterte’s Drug War remains VERY popular with the Filipino people with 82% of them approving of it. Hence they should just stop the bullsh#% of interfering with our internal affairs.

REFERENCES:
List of Countries the Philippines is suspending Loans and Grants from (Infographic)
Navy to acquire Patrol Vessels via Gov't-to'Gov't deal
82% of Pinoys satisfied with Drug War — SWS

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