7 months PH never defaulted on debts – Dominguez MB |Biz
By Chino S. Leyco Finance Secretary Carlos G. Dominguez III urged all Filipinos to have faith in the Philippines about the nation’s ability to repay the loans it borrowed from China and other countries. Finance Secretary Carlos G. Dominguez III . (Manila Bulletin file photo) While reassuring that China-funded projects have zero collateral, Dominguez also said the Philippines has a pristine record of paying sovereign debt obligations and had never defaulted even amidst its financial problems in the past. “There is no collateral in any of our loans to any country or bond. We don’t provide collateral,” Dominguez told reporters. ... more