- Arnold Clavio reacted to President Rodrigo Duterte’s comment that the government’s funds have been depleted amid the COVID-19 pandemic
- In his viral social media post, Clavio asked if what is lacking is a concrete plan and not funds
- He then detailed the billions of pesos received by the government from the World Bank, ADB and Asian Infrastructure Investment Bank (AIIB)
- Furthermore, Clavio commented that the government also received over $2 billion by selling global bonds
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Arnold Clavio posted on Instagram about President Rodrigo Duterte’s comment that the government’s funds have been depleted amid the COVID-19 pandemic.
KAMI learned that Clavio is wondering if what is lacking is a concrete plan and not funds.
The GMA reporter then detailed the billions of pesos received by the government from the World Bank, ADB and Asian Infrastructure Investment Bank (AIIB).
He added in his post that the government also received over $2 billion by selling global bonds.
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“’Walang pera!’ Narinig na naman natin yan kagabi kay Pangulong Duterte kaugnay ng paglaban sa Covid19.
“Wala ng pera, wala pang bakuna, so wala na?
“Pero batay sa website ng Asian Development Bank at sa mga news item mula sa GMA news at Rappler, nagsimula nang dumating ang ilang mga utang at tulong pinansyal mula sa World Bank, ADB at Asian Infrastructure Investment Bank (AIIB). Kabilang ang 8 bagong loan at 2 bagong grant. Bukod pa sa $2.35 B na nakuha ng ating gobyerno mula sa pagbenta ng global bonds.
“Narito ang detalye ng mga pautang at grant;
“1. Asian Development Bank (ADB) - $3M (p150 M) na grant para sa med supplies, tests, PPEs, etc.;
“2. ADB $5M (p250M) na grant para sa pagkain ng may 55,000 vulnerable households sa Metro Manila;
“3 World Bank. $500M (p25B) na pautang para sa disaster rehab at recovery planning, emergency cash transfers, etc. Ang utang na ito ay payable sa loob ng 29 taon. May grace period ito na 10 taong mahigit;
“4 World Bank $100M (p5 B ) na utang para sa COVID-19 Emergency Response Project;
“5 ADB $1.5 M (p75 B ) na utang para sa COVID-19 response;
“6 ADB $200 M (p10 B ) utang para sa emergency cash subsidies ng mga vulnerable households;
“7. ADB $400 M (p20 B ) utang para sa capital market development;
“8. Asian Infrastructure Investment Bank (AIIB) $3750M (p37.5 B ) utang kasama ang ADB; para sa testing capacity, cash transfers, wage subsidies;
“9. World Bank $500M (p25 B ) utang para tulungan ang maliliit na negosyo. Ito ay babayaran sa loob ng 29 taon at may grace period na 10.5 taon;
“10. ADB $500 M (p25 B ) na utang para sa conditional cash transfers (4Ps). Ito at babayaran sa loob ng 29 na taon at grace period na 8 taon. Kalakip din nito ang $3.1M na technical assistance;
“11. Republic of the Philippines (ROP) Bonds $2.35M (p117 B ) sa pagbenta ng US-denominated global bonds;
“At kung ngang walang pera, bakit pa nagpasa ng p162 B na stimulus package para sa Bayanihan Act 2 ang Kongreso? Bago ito ipasa, inalam muna nila kung may pagkukuhanan nga na pondo ang gobyerno.
“Wala bang pera o walang diskarte?” Clavio posted on Instagram.
Rodrigo Duterte is the 16th and incumbent President of the Philippines and the first from Mindanao to hold the office. He is also the oldest person to assume the Philippine presidency at age 71.
Weeks ago, President Duterte delivered his 5th State of the Nation Address. Among the topics he discussed were COVID-19 response, the West Philippine Sea, education, and telecommunication companies. His SONA received mixed reactions, with some critics saying that he was not able to lay out a detailed plan in battling the pandemic.
However, he has heeded the call of healthcare workers for the government to provide more help in their battle against COVID-19. President Rodrigo Duterte did so by reverting several cities and provinces back to a modified enhanced community quarantine. The President also approved the hiring of more health care workers amid the pandemic and the addition of more benefits to COVID-19 frontliners.
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