Stories tagged
‘united kingdom’

Aid for whom?

THE DUAL nature of overseas development assistance (ODA) loans as both foreign aid and support for businesses in the lending country has taken an interesting, if confusing, turn in the case of loans and guarantees provided by the United Kingdom.

The NEDA lists the United Kingdom as the Philippines’ fourth biggest source of development finance, which comes in the form of guarantees provided by the UK’s Export Credit and Guarantee Department (ECGD).