The Philippines’ international investment position (IIP) improved in the third quarter of 2020 on the back of financial asset growth, according to the Bangko Sentral ng Pilipinas (BSP).

In a report, the central bank said the country’s IIP posted a net external liability position of $4.77 billion at end-September, down 64.9 percent from $13.58 billion at end-June.

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