Philippines: BSP-approved foreign borrowings up 19% in Q1
MANILA, Philippines — Foreign borrowings approved by the Bangko Sentral ng Pilipinas (BSP) continued to climb, rising by 19 percent to $2.84 billion in the first quarter from $2.38 billion in the same period last year due to COVID-related spending. Almost a third or $900 million of the total foreign borrowings went to the government’s […]
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