Panelo: Rejection of foreign aid from nations backing UN drug war probe will have no impact on PH economy


Posted at Sep 23 2019 08:39 PM

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Presidential spokesperson Salvador Panelo counters criticism over the government's rejection of grants and loans from countries backing the United Nations' drug war probe.

Critics say this will isolate and hurt the Philippine economy.

But Panelo maintains the existing loans between these countries are minimal and are in fact, quote 'negligible.' He adds, Manila can always source its loans from other countries.