Tag: External Accounts
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Philippines Net External Liability Narrows to $58B
Philippines’ net external liability narrows to $58 billion as external assets rise The Philippines has reported an improved net international investment position in the third quarter, with its net external liability shrinking to about $58 billion. The updated data reflect a combination of stronger external assets and a more measured pace of external liabilities, signaling…
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Philippines’ Net External Liability Narrows to $58 Billion on Higher Foreign Assets
Overview: A Narrowing Net External Liability The Philippines’ net international investment position (NIIP) improved in the third quarter, with the country recording a narrower net external liability of around $58 billion. The improvement came as external assets rose while some external liabilities moderated, helping to strengthen the country’s overall balance with the rest of the…
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Pakistan Nears IMF Staff-Level Agreement as Flood Losses and External Accounts Take Center Stage
Pakistan Eyes Swift IMF Staff-Level Agreement Amid Flood Loss Verifications The countdown is on for Pakistan to finalise a staff-level agreement (SLA) with the International Monetary Fund (IMF), with officials signalling that a consensus could be reached at the upcoming IMF-World Bank annual meetings. The discussions, focused on the external account and verified flood-related losses,…