NG foreign borrowings worth $2.7B OK'd in Q3

Oct 16, 2023 12:39 am

THE Monetary Board (MB) greenlit $2.70 billion in public sector foreign borrowings in the third quarter of this year, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

The national government borrowings, consisting of four project loans worth a total of $1.95 billion and a $750 million program loan, have been earmarked for economic recovery, environmental protection, climate resilience, and transportation and agriculture improvements.

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