COVERING October to December 2022, the Monetary Board on Friday approved one public sector foreign borrowing of $2 billion for the fourth quarter of 2022, according to the Bangko Sentral ng Pilipinas .In a statement, the BSP said the latest figure was significantly lower by 32.95 percent compared to the $2.98 billion borrowings approved in the same period in 2021.The borrowing pertains to a bond issuance of the Philippines to fund the national government's general financing requirement.
77 billion from $6.16 billion a year earlier, while program loans totaled $0.87 billion, down 77.52 percent from $3.88 billion in 2021.'These 2022 borrowings will fund the national government's general financing requirements ; transportation projects ; Covid-19 pandemic response projects and programs ; and other infrastructure development projects ,' it said.