Philippines: Foreign debt down 6.7% in H1

MANILA, Philippines — The country’s external debt slipped 6.7 percent in the first half due to the weakening of the peso and other regional currencies against the dollar, the Bangko Sentral ng Pilipinas reported over the weekend. BSP officer-in-charge Diwa Guinigundo said external debt stood at $72.5 billion in end-June, $5.2 billion lower than the […]

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