Foreign borrowings of PH gov’t eased in Q1

The Monetary Board (MB) gave the green light to a total of $5.56 billion in government foreign borrowing in the first quarter of 2023, which covers partly the continuing need to address the impact of the COVID-19 pandemic. According to the Bangko Sentral ng Pilipinas (BSP), MB-approved loans were 16 percent lower compared with the … Continue reading Foreign borrowings of PH gov’t eased in Q1