BSP Wants Banks Weaned Off PPP Funding Deals
Privately funded big ticket infrastructure projects should be weaned off normal bank loans for funding to reduce the concentration of risks in the banking sector, according to the country’s top banking regulator.
This comes amid pressure for proponents of public-private partnerships (PPP) to find ways to pay the unprecedented and growing cost of projects solicited by the Aquino administration.
Source: Philippine Daily Inquirer
