What was Cory Aquino's stance on the Philippines' foreign debt?
Understand the Problem
The question is asking about Cory Aquino's perspective on the Philippines' foreign debt, specifically what stance she took during her presidency regarding debt relief and obligations.
Answer
She believed the Philippines should honor the debt.
The final answer is b. She believed the Philippines should honor the debt.
Answer for screen readers
The final answer is b. She believed the Philippines should honor the debt.
More Information
Cory Aquino decided to honor all foreign debts despite the unpopularity of this choice, as she believed it was a necessary step for the country's financial credibility.
Tips
A common mistake is assuming all leaders from new administrations advocate for debt repudiation. Always check their stated policies and actions.
Sources
- Presidency of Corazon Aquino - Wikipedia - en.wikipedia.org
- Afterthoughts: Cory and creditors | Focus on the Global South - focusweb.org
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