Fresh foreign loans may touch off higher risks

A lawmaker cautioned the government on Tuesday against acquiring new foreign loans for the rehabilitation of areas devastated by Super Typhoon Yolanda, as it would only result in incapacitating fiscal conditions in the future.

Rep. Terry Ridon of Kaba¬taan party-list said that though foreign loans may sound enticing, higher debts would mean long-term risks for the country and would result in lesser funds for social services and development projects.