Posted 9/23/2023, 12:25:00 PM
Expert Cautions Against Reliance on Chinese Loans for Infrastructure, Urges Public-Private Partnerships Instead
- Expert warns against relying on Chinese ODA for infrastructure as it could lead to debt trap
- Encourages government to strengthen Public-Private Partnerships (PPPs) instead
- Nature of Chinese ODA loan for Kaliwa Dam project unfavorable with high interest rate
- PPPs can accelerate infrastructure development and bring innovative solutions
- Lack of transparency and accountability in projects leads to corruption and conflict of interest