Abad: Not all foreign loan, aid for Yolanda have reached govt

Budget Secretary Florencio Abad clarified that the total of P23.8-billion foreign loans recorded for Typhoon Yolanda reconstruction and rehabilitation was not entirely in the hands of the government.

According to the Foreign Aid Transparency Hub (FAiTH) where total amounts of pledges were listed, the total foreign aid registered as of press time amounted to P23.79 billion ($538.9 million) which accounts for P2.8 billion ($63.4 million) cash pledge and P20.9 billion ($475.56 million) non-cash or in-kind aid.