2022 National Elections is coming up, if you were to become president and was offered by the IMF/WB to write off or waive the Philippine Foreign Debt, would you accept the offer or would you turn it down just like what the former President Corazon Aquino did where she stated "we shall honor it"? Why or Why not?
c0rect me if im wr0ng
The IMF has responded to the coronavirus crisis with unprecedented speed and magnitude of financial assistance to member countries, especially to protect the most vulnerable and set the stage for inclusive and sustainable recovery. As IMF Managing Director Kristalina Georgieva noted ahead of the April 2021 IMF/World Bank Annual Meetings: “The global economy is on firmer footing as millions of people benefit from vaccines. But while the recovery is underway, too many countries are falling behind and economic inequality is worsening. Strong policy action is needed to give everyone a fair shot—a shot in the arm to end the pandemic everywhere, and a shot at a better future for vulnerable people and countries.” (speech). In this trying time, the IMF continues to support countries on the path to recovery by providing policy advice, financial support, capacity development, and debt relief for the poorest.
wait thats you??