BSP: Philippine foreign debt still manageable

The Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno (pic) said in a statement the low ratio of total outstanding external debt to gross domestic product (GDP) means that the Philippines sustained a strong position to service foreign borrowings in the medium to long term.

MANILA: The Philippines’ total outstanding external debt remained a prudent level as of the end of September with US$105.93bil (RM445.81bil), representing 27.3% of the domestic economy

The Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno (pic) said in a statement the low ratio of total outstanding external debt to gross domestic product (GDP) means that the Philippines sustained a strong position to service foreign borrowings in the medium to long term.