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Philippines External Debt Hits Record High

Philippines External Debt Hits Record High

by Teuvo Tuomi | Mar 20, 2023 | Philippines, Business, Economy, News

The external debt of the Philippines rose by 4.5% and hit a record high of $111.27 billion last year, as both the national government and the private sector borrowed more from offshore creditors, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe...

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