Publicatie Laka-bibliotheek:
Monster of Morong. The Bataan Nuclear Power Plant (1991)
| Auteur | Freedom from Debt Coalition |
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4-16-0-00-16.pdf |
| Datum | december 1991* |
| Classificatie | 4.16.0.00/16 (FILIPPIJNEN) |
| Voorkant | 
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Uit de publicatie:
How much has the Philippines bled? The Philippines started paying the PNPP loans in 1981 at the rate of $355,000 a day in interest alone which also translates to $130 million a year. Presently, the Philippines is still losing much needed cash to the tune of $300,000-$335,000 daily, a consequence of religious observance of debt payment schedules made to other players in the fraud-the foreign commercial banks which financed the project but remain unaccountable to the Filipino people. But we are accountable to them. How come? In terms of budget drain, the national government lost P5.123 billion in debt service to the PNPP loan in 1989; P5.02 billion in 1990; 5.61 billion last year; and is expected to pay P6.56 billion by the end of this year. Assuming an exchange rate ofP27:$1, that would give us a scandalous $826.4 million of much needed cash going into the foreign commercial banks' pockets in 4 years.*) Geschatte datum