232 Million US dollar credit JUNKED by world bank

[cebu-future]

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I thought wala na ta mangutang because of the E-VAT? Wala jud kakontintohan mga kotongero sa gobyerno oi! Mangutang pa!

http://www.gmanews.tv/story/69505/Se...-package-to-RP

[baby_grace]

It will be impossible for all government projects to push through if we do not have enough funds to complete it. Foreign loans are a big help to the completion of government projects. The E-VAT generated large revenues that helped decrease our budget deficit. Thus, we need not borrow more to fill in the budget. Take note, the budget deficit just decreased, it is not wiped out yet. That will not be far from reality if we earn more revenues and government spending is even more decreased.

In the case of the World Bank, it merely suspended it's loan to the road project because of allegations on a rigged contract. They will still have to investigate together with the Ombudsman. Even without the said funding from the WB, the road project would still be completed because the budget allocation for the DPWH will make up for it although the date of completion would be longer. The revenues from taxes will also contribute. Are we not paying road user's tax? Now we'll see where it goes.

[clarkhkent]

i think this is not the first time nga gi junked sa world bank ang atong loan....ka 3 naman cguro ni...

for me wa gyud tay laing mabasol ani....kana gyung mga corrupt dha nga official sa gobyerno....ang louy lang kay kitang mga yanong lumolopyo....tsk tsk

[samsungster]

we cant blame wb on this instead we blame who run this government!

[zyLe]

In the case of the World Bank, it merely suspended it's loan to the road project because of allegations on a rigged contract. They will still have to investigate together with the Ombudsman. Even without the said funding from the WB, the road project would still be completed because the budget allocation for the DPWH will make up for it although the date of completion would be longer. The revenues from taxes will also contribute. Are we not paying road user's tax? Now we'll see where it goes.

exactly, there were some irregularities with the bidding which they think are anomalies that needs to be investigated... but accdg to the gov't's side, they did not violate any rules... we'll wait and see...

[edgeknife]

world bank cannot be blamed if dili ta pautangon. we have to blame the corrupt government officials. ang pilipinas agbay rang nalunod sa utang. samut ta kalunod kay wala ta gipa-utang. im sure daghan kaayu kwarta ang government woi. pero unsaon man nila pagamit sa atong kwarta... too bad...

[clarkhkent]

pero niay bag ong balita....

WB to release $232-M loan after probe
By Paolo Romero
Thursday, November 22, 2007

The World Bank has promised to release the $232-million road building loan after the completion of an internal inquiry into alleged bidding irregularities in the first phase of the project, Budget Secretary Rolando Andaya Jr. said yesterday.

“They’re just awaiting the results of the investigation of the integrity group…but at the end of the day the project will be approved and implemented,” Andaya told a news conference at Malacañang.

He said World Bank acting Country Director Maryse Gautier gave the assurance over breakfast at an undisclosed hotel in Metro Manila. Andaya said Gautier also stressed that it was not the loan but the World Bank’s deliberation on phase-2 of the National Roads Improvement and Management Program (NRIMP) that was suspended.

“I was told by the WB country manager that it’s prudent on their side to put on hold the deliberations because there is no report yet. But it does not mean that there are anomalies and that was clarified to me,” Andaya said.


http://www.philstar.com/index.php?He...id=20071121128

[YJOB]

mao nay nakanindot diha, magbuot man diay ug di pautangon? ;D

tiaw mo na, nahibaw-an na hinuon sa tibuok kalibutan nga wa ta pautanga?
pareha ra na sa nangutang ka sa imo silingan, wa ka pautanga then imo gisangyaw sa tv nga wa ka pautanga toink!

[INFRACTION]

ngano man mo utang pa man na naa tai daghang pondo... tsk tsk tsk

[kolz]

Kadaghan naman nga higayon nga wala ta pautanga sa WB. There was an incident sa panahon ni Ramos ug Estrada na wala ta pautanga pud.

Kudos to the media, karon lang ni na sensationalize.