PH external debt steady at $81.4B as pandemic limits borrowing
The Philippines' external debt stood at $81.4 billion as of end-March 2020, marking a slight increase from the previous year but a decline compared to December 2019.
Net repayments by private sector banks for short-term obligations led to a decrease in debt levels during the first quarter.
The rise in foreign investments in Philippine debt papers issued offshore contributed to an overall $990 million increase in external debt from the previous year.
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