Review of foreign loans

Senator Sherwin Gatchalian, chair of the Senate Committee on Economic Affairs, reads a document from Directors Virgilio Castillo (left) and Patrick Gatan (center) of the Department of Public Works and Highways (DPWH) during a Senate hearing looking into the foreign loans contracted by the Philippine government in the last 15 years. “We want to know exactly whether these projects were executed to specifications, whether or not the loans were drawn, and if yes, when they will be paid. Do they form part of our public debt stock? We want to see an independent audit of these projects,” Gatchalian said. (Photo by Romy Bugante)

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