04 August 2025[/font]
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GOVERNMENT FOREIGN BORROWINGS INCREASED TO US$4.89 BILLION
IN Q2 2025[/font][/size][/font]
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The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved US$4.89 billion worth of proposed public sector foreign borrowings in the second quarter of the year, up by US$0.99 billion or 25.38 percent from US$3.90 billion in the same period last year.[/font]
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The approved foreign borrowings have [/font]medium- to long-term maturities. [/font]These consist of eight (
project loans worth US$4.14 billion and three (3) program loans amounting to US$0.75 billion.[/font][/font]
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The loans are meant to fund projects and programs on road and rail transport, flood control management[/font], climate resilience, health services, and civil service modernization.[/font][/font]
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Under the law,[/font] [ii][/font][/url] all foreign borrowing proposals by the National Government, government agencies, and government financial institutions as well as loans to be guaranteed by the national government require prior approval of the BSP’s Monetary Board. This is in line with the BSP’s tasks of ensuring that the country’s foreign debt remains manageable.[/font][/font][/i]
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