construction, roads, and bridges across the country. A highranking corporate representative from ZTE argued that major Chinese state corporations had little-to-no interaction with the Philippine government during Aquino. But “now, there is a lot of [Chinese and Philippine government engagements] but...
(v) In making loans, the Bank evaluates the capacity of the borrower to carry out its financial obligations under the loan agreement, the prevailing macroeconomic climate and debt burden of the country, and policy and institu- tional issues relevant to the loan. (vi) The Bank considers the ...