Sunday, November 25, 2007

Gov’t scored over WB loans

THE Anakpawis party-list slammed the administration for its desperate move to settle World Bank loan agreements, amid reports saying the international financing institution has deferred its soft loan the country’s road projects.

According to Anakpawis Rep. Crispin Beltran, the administration of President Macapagal-Arroyo is pushing for the WB loan so it can replenish sources of funds for corruption.

Beltran added that the government needs money to keep its political alliances intact until 2010.

“Malacañang is desperate to settle the WB loan agreement so it can have a replenished source of funds to corrupt. With all other money-making schemes of the Arroyo administration exposed and almost depleted, Malacañang is eyeing all possible sources of funds to keep its beleaguered leadership afloat and keep all its political allies intact until 2010,” he said in a statement.

The refusal of WB to continue with the negotiations for the second phase of the National Road Improvement and Management Program, is a test case for the administration to address the problem of corruption, Beltran said.

Earlier reports said that WB suspended the $232-million loan for the country’s road projects pending its investigation into irregularities in the bidding process and overpricing.

“This is not just a little incident. This will test the extent and seriousness of the graft and corruption record of President Arroyo,” Beltran stressed.

The militant solon added that Macalañang and Budget Secretary Rolando Andaya are playing down the issue but they cannot deceive anti-corruption advocates and the Filipino people who are keeping a close watch on the administration’s corruption record.
Jester P. Manalastas - Journal Online

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