Diners waiting for their orders at a food court where only one customer per table is allowed, as the Philippine government allows dining-in following months of restrictions due to the coronavirus disease outbreak, in Mandaluyong City, Metro Manila, Philippines. - Reuters
MANILA (Xinhua): The Philippines' outstanding external debt stood at US$81.4 billion as of end-March 2020, down by US$2.2bil or 2.6 per cent from the US$83.6 billion level as of end-December 2019, the central bank of the Philippines said on Friday (June 19).
"The decline in the debt level during the first quarter was due to net repayments of US$4 billion largely attributed to the settlement of short-term maturing obligations by the private sector," the Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said in a statement.
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