Marcos regime- in its twenty years incurred only a measly loan of 1 billion

From Erick San Juan's Marcos Legacy Revisited:

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Nationalist economist Lichauco explained that out of the total loan obligations of the Phil. to the IMF and ADB amounting to 24 billion dollars at the time of Marcos' ouster from power, more than 7 billion dollars were loans secured from private sector, businessmen of the elite club whose preoccupation was to hurl invectives against what they call the conjugal dictatorship. These shylocks used the money to import more luxury goods, machinery and equipment. A substantial amount went to business expansions and infrastructures like the modern skyscrapers which now adorn Makati skyline. Official Central Bank records reveal that prior to Marcos' exile to Hawaii, the former strongman left behind in the coffers of the Central Bank over 2.5 billion dollar reserves.

Just add the loans Marcos inherited in 1965 (13.5 billion dollars) to those accrued by the private sector (7 billion dollars), together with the amount of reserves left bt Marcos (2.5 billion dollars) and you get 23 billion dollars. Since the outstanding loan obligations of the country at the time of Marcos' departure from the political scene totalled only to 24 billion dollars, it follows that the dreaded Marcos regime- in its twenty years of absolute rule- incurred only a measly loan of 1 billion and not 24 billion dollars attested by his detractors.

Pasion also reminds the political opponents of Marcos that it was during the latter's incumbency that the price of imported crude oil rose from 2 dollars to 24 dollars per barrel. Yet, the same period, the Philippine economy managed to weather the storm, despite the worldwide recession, compounded by the growing Muslim insurgency in the south. The situation became unmanageable only when the Senator Benigno Aquino Jr. was shot to death by an unknown gunman.

Marcos knew that the only key to Philippine progress would be the establishment of an industrial base, or a "Machine tool" industry. But his effort to implement a Heavy Industrial Program was opposed at every turn by his technochrats, and the Makati Business Club, all of whom echoed the position of the IMF-World bank opposing the Eleven Major Industrial projects," nationalist economist Lichauco claims.

When Cory Aquino took over where Marcos left off, the situation became worse. Prices of prime or essential commodities soared from 50 percent to 200 percent as compared to January 1986. Laborers on the other hand were given a miserable 10 pesos additional daily despite the fact that the average laborer had to pay for daily expenses which increased 100 percent.

How did Marcos accomplish so much with so little?(Yamashita treasure? )

$27 Billion USD when Marcos Left...

BNPP = $2.3 Billion USD

Philippine North & South Express Way = 

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LRT = 

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Modernizing our Arsenal =