BOP registered a deficit of $415 million in April on increasing imports
The balance of payments, or the difference in value between payments into and out of the country, swung to a ...
Read moreTag: foreign debt
IMF asks cash-strapped Sri Lanka to ‘restructure’ foreign debt before finalization of bailout program
COLOMBO, Sri Lanka—The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to “restructure” its huge ...
Read moreSri Lanka urged to increase taxes, devalue currency
COLOMBO, Sri Lanka—The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable,” and called ...
Read moreBOP surplus fell 92% to settle at $1.35b last year
The country posted a balance of payments surplus of $1.35 billion in 2021, or 92 percent lower than the $16.02-billion ...
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External debt still at prudent level
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said over the weekend the country’s foreign debt remained at a prudent level, ...
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Balance of payments incurs $1.94-b deficit
The country’s balance of payments position posted a deficit of $312 million in June, a reversal of the $80-million surplus ...
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Foreign reserves fell to $106B in June
The country’s gross international reserves level slipped to $106.08 billion as of end-June 2021 from $107.25 billion in May, on ...
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$97-b foreign debt still manageable
The country’s external debt of $97.05 billion as of end-first quarter remains at a manageable level, the Department of Finance ...
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Foreign debt fell 1.5% to $97b at end-March – BSP
The country’s outstanding external debt declined $1.4 billion or 1.5 percent to $97 billion as of end-March from $98.5 billion ...
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Sri Lanka faces worst decline as debt crisis looms
Sri Lanka Tuesday announced its worst economic slump with second quarter GDP plunging 16.3 percent as international concern grows over ...
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