BusinessWorld E-paper
June 09, 2022
THE PHILIPPINES’ outstanding debt remains manageable despite breaching the internationally accepted sustainable threshold, the World Bank (WB) said, but
stressed the need for a solid fiscal consolidation plan and high economic growth.
“We think the debt is still manageable. Most of our debt is long term, domestic and peso denominated,” Kevin C. Chua, World Bank senior economist in Manila, said during a briefing on Wednesday
