The Bangko Sentral ng Pilipinas (BSP) said Monday it approved $4.89 billion in foreign borrowing by the public sector in the second quarter of 2025.
This represents a 25.38-percent increase from a year earlier.
Data showed that the borrowings, consisting of eight project loans worth $4.14 billion and three program loans worth $0.75 billion, would fund projects in road and rail transport, flood control, climate resilience, health services and civil service modernization.
This brings the total public sector foreign borrowing for the first half of the year to $11.18 billion. The total for 2024 was $13.68 billion.
The BSP’s Monetary Board is required to approve all foreign borrowing proposals by the government to keep the country’s foreign debt at a manageable level.
 approved $4.89 billion in foreign borrowing for the public sector in the second quarter of 2025, a 25.38% increase from the previous year. The funds will support infrastructure and social programs.%%excerpt%%){kind=link}