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The government will not use any of the country's territory as collateral for loans entered with China, Budget Secretary Benjamin Diokno said Wednesday. «There's no such thing as onerous conditions. We were smart. We're not like otDiokno on China loans: ‘We don’t mortgage our territories’
The government will not use any of the country's territory as collateral for loans entered with China, Budget Secretary Benjamin Diokno said Wednesday. «There's no such thing as onerous conditions. We were smart. We're not like other countries,» Diokno said in a press briefing. «We don't mortgage our territories for a loan that is as straightforward as a railway system and as I've said there is a strict and rigorous process (for the projects),» he added. Diokno made the remark in response to IBON Foundation's recent statement, which accused the administration of President Rodrigo Duterte of allegedly arranging questionable deals with China. The group claim...Keep on reading: Diokno on China loans: ‘We don’t mortgage our territories’ Read more