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Infra needs bloated PH foreign borrowings in 2023

By Inquirer - 10 months ago
MANILA,  Philippines  —Foreign borrowings by the Marcos administration that had been approved by the Bangko Sentral ng Pilipinas (BSP) jumped 40.36 percent in 2023 compared with the previous year, with infrastructure projects receiving most of the fresh funds from new external debt. In a report released on Monday, the BSP said the Monetary Board (MB)

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