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Philippines' external debt payments plunge by over 54% in January 2025, easing financial strain.
The Philippines' external debt service burden fell by over 54% in January 2025, dropping to $799 million from $1.75 billion in the same month last year.
The Bangko Sentral ng Pilipinas reported that principal payments dropped by 92.5% to $79 million, while interest payments rose by 3.8% to $719 million.
This reduction reflects the government's efforts to minimize foreign exchange risks and lower the country's reliance on foreign debt.
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Los pagos de la deuda externa de Filipinas se desploman en más del 54% en enero de 2025, aliviando la presión financiera.