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THE Commonwealth central government has been making regular payments for the $15 million it borrowed from the Marianas Public Land Trust in 2019 for the extraordinary expenses incurred during Super Typhoon Yutu recovery, according to official documents obtained by Variety.
The Commonwealth Healthcare Corp., for its part, is also paying its $3 million line of credit provided by MPLT in 2012 at an interest rate of 5%.
Initially, CHCC paid the monthly interest only, but in 2018, it started making monthly payments of $53,000 for the principal and interest.
It still owes MPLT $1,561,041.03.
MPLTâs loan prevented the closure of some of CHCCâs services and allowed the hospital to pay its doctors and nurses.