Duterte said China pledged billions of dollars to the Philippines. What happened to it?

//Duterte said China pledged billions of dollars to the Philippines. What happened to it?

Duterte said China pledged billions of dollars to the Philippines. What happened to it?

As Philippine President Rodrigo Duterte rushes to fulfil his pre-election promise to build a railway for Mindanao island, reality is beginning to bite.Duterte is five years into his six-year term, yet the 83 billion pesos (US$1.64 billion) he claimed China would lend him to build the first phase of the railway is yet to materialise.Also yet to appear is most of the US$9 billion of official development assistance (ODA) and the US$15 billion in foreign direct investment (FDI) that – according to…

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By | 2021-08-14T05:00:08+00:00 August 14th, 2021|Headlines|Comments Off on Duterte said China pledged billions of dollars to the Philippines. What happened to it?