Sample Debate Research
NAMENAMENAME Class Number 24
IV Faith July 13, 2012
Closing Government
This House Supports the BSP’s Loan to the IMF
I. Argument
By loaning money to the International Monetary Fund (IMF), the Philippines will be able to help boost its own economy by earning money through interest.
II. Explanation of Argument
Upon hearing the issue about the Philippines loaning $1B to the IMF, many would argue that the Philippines is a poor country. We need those funds. However, what these people fail to realize is that by assisting international economies, we are also helping boost our own since the country will be able to earn money through interest.
The International Monetary Fund is an organization consisting of about 188 countries. It aims to help nations suffering from recessions and financial instabilities. The IMF also promotes international trade, global monetary cooperation, sustainable economic growth, and poverty reduction. By lending $1B to the IMF, the Philippines will be able to not only help the economies of other countries, but also help its own through the earnings that it will get through interest.
The $1B to be given to the IMF is a loan, not a gift. This means that after a certain period of time, the country will be able to get back the money, plus interest. There is no need to be worried whether the IMF will be able to pay back the loan since it is rated with a Triple A (AAA) or an excellent credit rating. This would mean that within the history and the numbers of the IMF, it is proven that the organization will be able to pay back the money.
Aside from this, the $1B will come from the international reserves of the Philippines. This means that the money cannot pay for government projects nor can it be spent for the alleviation of poverty in the country. In short, the International Reserves cannot be used as an additional sum of money for the National Budget. Therefore, instead of having the money just lying around,
IV Faith July 13, 2012
Closing Government
This House Supports the BSP’s Loan to the IMF
I. Argument
By loaning money to the International Monetary Fund (IMF), the Philippines will be able to help boost its own economy by earning money through interest.
II. Explanation of Argument
Upon hearing the issue about the Philippines loaning $1B to the IMF, many would argue that the Philippines is a poor country. We need those funds. However, what these people fail to realize is that by assisting international economies, we are also helping boost our own since the country will be able to earn money through interest.
The International Monetary Fund is an organization consisting of about 188 countries. It aims to help nations suffering from recessions and financial instabilities. The IMF also promotes international trade, global monetary cooperation, sustainable economic growth, and poverty reduction. By lending $1B to the IMF, the Philippines will be able to not only help the economies of other countries, but also help its own through the earnings that it will get through interest.
The $1B to be given to the IMF is a loan, not a gift. This means that after a certain period of time, the country will be able to get back the money, plus interest. There is no need to be worried whether the IMF will be able to pay back the loan since it is rated with a Triple A (AAA) or an excellent credit rating. This would mean that within the history and the numbers of the IMF, it is proven that the organization will be able to pay back the money.
Aside from this, the $1B will come from the international reserves of the Philippines. This means that the money cannot pay for government projects nor can it be spent for the alleviation of poverty in the country. In short, the International Reserves cannot be used as an additional sum of money for the National Budget. Therefore, instead of having the money just lying around,