The Philippine administration announced that it will no longer entertain future grants of aid and assistance coming from the European Union Thursday.
“The Philippine government has informed us they no longer accept new EU grants,” said European ambassador to the Philippines Franz Jessen about the current administration’s controversial declaration.
This announcement comes days after President Duterte’s visit to China’s Belt and Road Forum where he amassed billions of dollars of financial pledges, as well as potential investments.
Last year, Duterte dared the E.U. and the U.S. to pull out their assistance to the Philippines, when the two criticized his campaign against criminality and drugs.
It was also during this time that China agreed to invest $15 billion in the Philippines following Duterte’s visit in October
“I’m now the President. The least of my worry is the E.U. I have to build a nation, that’s why I went to China. I went everywhere because we are really poor and we have to improve the economy,” recapitulated during the during the 31st Biennial Convention of the Federation of Filipino-Chinese Chambers of Commerce and Industry last March.
Jessen says that the government’s refusal to receive support will be “putting at risk programs to assist poor and conflict-hit regions in the country’s south.”
With this turndown, the Philippines is foregoing $278.88 million dollars (Dh102 billion) worth of foreign aid.
Credit: REUTERS/Samrang Pring
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