MANILA, Aug 17 (Philippine Inquirer/ANN) - The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out that the country’s debt profile remains favorable despite the borrowing spree.
In a statement, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the policy making Monetary Board had given the green light to a total of $5.6 billion worth of concessional credit from overseas as of the end of July 2020.