Philippine Daily Inquirer-Nov 1

The Philippines is now the biggest borrower of the World Bank, the multilateral lender with the twin goals of ending extreme poverty and promoting sustainable prosperity. This development can be seen as beneficial in that those loans will go to financing infrastructure projects, and developmental programs in vital sectors such as education, public health, and poverty alleviation. As a bonus, the loans carry low interest rates and long repayment periods of at times exceeding 20 years.

Read more at: https://opinion.inquirer.net/145863/worrying-debt-risk