PH’s foreign borrowings for COVID-19 hit $8.13 billion
MANILA, Philippines — Foreign borrowings and grants secured by the Philippines to fight the health and socioeconomic crises caused by COVID-19 further inched up to nearly P400 billion as of…
Outstanding IOUs climbed to P5.9T in H1 as gov’t ramped up local borrowings
MANILA, Philippines — As the government borrowed more locally to finance COVID-19 response while demand for treasury bills and bonds remained robust as investors sought a safe haven amid a…
DOF assures: PH borrowings ‘manageable’ and ‘affordable’
MANILA, Philippines — Even as the government has been borrowing more than usual this year due to the COVID-19 pandemic, the Philippines’ debt remains “manageable” and “affordable,” the Department of…
Amid pandemic, PH’s P1.22-T end-April borrowings exceeded 2019 total
Finance Secretary Carlos G. Dominguez III. Photo courtesy of DOF MANILA, Philippines — The COVID-19 crisis has forced the Philippines to borrow a total of P1.22 trillion from January to…
PH foreign debt steady in Q1 as pandemic caps overseas borrowings
MANILA, Philippines – The outbreak of the coronavirus pandemic helped cap foreign borrowings by public and private entities in the first quarter, resulting in only a small uptick of the…
Gov’t borrowings up 5.3 percent to P656.7B in first quarter of 2020
The national government’s gross borrowings rose 5.3 percent year-on-year to P656.7 billion in the first quarter of 2020 as both domestic and foreign debts increased. The latest Bureau of the…
PH foreign borrowings down 30 percent in first 3 months of 2020
The national government took out fewer foreign loans in the first quarter of 2020 to meet its financing needs, according to the central bank. The Monetary Board of the Bangko…