Public sector external debt rose 43% in Q2 to $3.9B

Public sector appetite for foreign debts increased in the second quarter after the Bangko Sentral ng Pilipinas (BSP) approved $3.9 billion of fresh external borrowings by the government to fund sustainability and infrastructure projects. The amount of new external debts cleared by the Monetary Board (MB)—the highest policymaking body of the BSP—was 43 percent higher
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