THE Department of Finance (DOF) will review a ruling by a World Bank arbitration court that requires the Philippines to shell out P800 million to a Belgian dredging firm for the cancellation of the Laguna Lake Rehabilitation Project (LLRP) during the Aquino administration, and will pay up if needed.
“As President [Rodrigo] Duterte has said, we will always honor all our obligations. So we are reviewing the decision and as soon as we finish the review—if our review indicates that we should pay, we will pay,” Finance Secretary Carlos Dominguez 3rd said.
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