THE Monetary Board (MB) approved $3.21 billion in public sector foreign borrowings in the fourth quarter of last year, the Bangko Sentral ng Pilipinas (BSP) reported late Friday, bringing the 2024 total to $13.68 billion.
THE Monetary Board approved $3.21 billion in public sector foreign borrowings in the fourth quarter of last year, the Bangko Sentral ng Pilipinas reported late Friday, bringing the 2024 total to $13.68 billion.Combined, the six public sector medium-to-long-term loans greenlit in October-December were 3.35 percent less than the $3.32 billion approved a year earlier.The full-year total, meanwhile, was 5.56 percent lower compared to 2023's $14.
The approved borrowings were to be used for general financing requirements ; infrastructure projects, including transportation ; economic recovery and development through policy reforms, environmental protection and climate resilience projects and programs ; education and health care projects and programs ; and agrarian reform and maritime safety projects .
Foreign Borrowing Approvals Fall To $13.68B
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