Poe lauds renegotiation of China deals

Poe lauds renegotiation of China deals

By Ernie Reyes

MANILA – Senator Grace Poe on Sunday lauded the move by the Marcos administration to renegotiate all China loans and deal to thresh out outstanding issues such as the interest rates and payment terms.

In a statement, Poe said that the President’s directive presents an auspicious opportunity to go back to the drawing board and craft deals that are fair and will produce tangible benefits to the Filipino people.

‘Renegotiation should iron out issues that saddled the previous agreements, including interest rates and payment terms.,” she said.

She said that the need to boost our infrastructure should not compromise the best interest of our country.

“It is the Filipino people who will ultimately repay such loans and we must ensure that they are not on the losing end,” Poe ended. (ai/mtvn)

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