More foreign loans seen for ‘Yolanda’ rehab

Foreign loans to aid reconstruction efforts in areas struck by Super Typhoon Yolanda (Haiyan) are expected to increase in the medium and longer term, an economist said.

Victor Abola, University of Asia and the Pacific economist, told reporters during a First Metro Investment Corp. press briefing that aside from the present efforts and P361-billion budget of the government as well as countries and international organizations, foreign loans are forecast to reach P112.5 billion by 2016.