Foreign debt payments 74% costlier in 2023

MANILA — Philippine external debt payments nearly doubled to $14.7 billion in 2023 as high interest rates jacked up both principal and interest settlements, data from the Bangko Sentral ng Pilipinas (BSP) showed. Payments made by public and private sector borrowers for their foreign liabilities jumped by 73.9 percent last year compared with the $8.48
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