Daza backs PNoy administration’s lending of $1B to IMF

CATARMAN, Northern Samar – “Nothing to worry in lending, because we will get our money back with interest,” thus said Senior Deputy Speaker Raul Daza of the first congressional district here, on the plan of Pres. Benigno Aquino particularly, the Bangko Sentral ng Pilipinas, to lend $1billion to the International Monetary Fund (IMF), in a press conference.

Daza cited an example of countries saddled with financial problems such as Europe, Portugal, Greece and Ireland saying, the Philippines being a member of IMF, “we have an obligation to help”.

“Though we used to be one of those countries heavily indebted with IMF for more than four decades, this is a most welcomed development for us, the Philippines who successfully undertake reform programs, reasons why we graduated from an IMF-supervised economic and reform programs, among others,” Daza said.

He added, “we have nothing to worry in lending because we will get our money back with interest, and this is aside of showing to the whole world that our economy have improved.”

Meantime, asked on rumor that he would run for governor in next year’s elections, Daza did not gave a categorical answer.

“I am not sure, though options are all open,” but still he is comfortable in the position as deputy speaker and continuously gaining support from the Aquino presidency of his various developmental projects.

It can be recalled that he publicly announced in running for reelection, but the California barrister representative pointed out that reason of his earlier declaration months ago in an event in Allen town of his running for reelection, is that, “whatever the result of the forthcoming elections come May 2013, Pnoy would still seat as Philippine president up to 2016.”

Likewise, on June 24, 2012, Rep. Daza was in Biri town as invited guest of their coronation night celebrating their vesper night’s affair in line with their annual fiesta honoring “San Vicente de Porres” as their patron saint. (PETER D. PAREDES)

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Posted by lsde on Jul 16 2012. Filed under News1. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.