PAPUNTA SA DAANG MATUWID

PHILSTAR: DICK PASCUAL - GMA PRE-PAID IT: The Aquino administration must tell the people that it is able to lend $1 billion to the IMF, because then President Gloria Arroyo pre-paid in full in 2006 the country's debt with the IMF. The BSP has justified the $1 billion loan to the IMF, saying it is good policy to help European economies in financial crisis before the problem worsens and engulfs other countries, including the Phils. While this explanation is well taken in some quarters, it is not enough to quell questions over the Philippines' offering $1 billion to Europeans when Filipinos themselves, especially the poor, are in need.