Philippines: Economy refocus

If it succeeds, Philippines will be one of the beneficiaries including the other 99 heavily indebted countries. Jose de Venecia’s program called “debt-for-equity-in-investments” has won Kofi Annan’s endorsement “as a creative way of approaching the issue”, as well as from the Italian and German governments. The JDV’s proposal also sparked the interest of the Paris Club, the British Treasury, the Organization of Petroleum Exporting Countries, Latin American Bank, and the Asian Development Bank.

Start the conversation

Authors, please log in »


  • All comments are reviewed by a moderator. Do not submit your comment more than once or it may be identified as spam.
  • Please treat others with respect. Comments containing hate speech, obscenity, and personal attacks will not be approved.

Receive great stories from around the world directly in your inbox.

Sign up to receive the best of Global Voices!

Submitted addresses will be confirmed by email, and used only to keep you up to date about Global Voices and our mission. See our Privacy Policy for details.

Newsletter powered by Mailchimp (Privacy Policy and Terms).

* = required field
Email Frequency

No thanks, show me the site