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flag Philippines' central bank approves $13.68B in foreign borrowings, a 5.6% decrease from 2023.

flag In 2024, the Philippines' central bank, the Bangko Sentral ng Pilipinas (BSP), approved $13.68 billion in foreign borrowings, a 5.6% decrease from 2023. flag The reduction is mainly due to fewer program and project loans, though it was partly offset by increased bond issuances. flag The funds are allocated towards general financing, infrastructure, education, health, and agrarian reform projects. flag The BSP aims to maintain manageable external debt levels to ensure financial sustainability.

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