Tag page - debt crisis

PARIS, France -- The world's poorest countries are bearing the brunt of the world's debt crisis, at a time when they need more cash than ever to fight climate change. As top officials gather in Paris for the Summit for a New Global Financing Pact, AFP takes a look at the problem. Which countries...

The Department of Finance (DOF) assured the Senate that the national debt remains within manageable levels, allaying fears of the country defaulting on loans amid a slightly elevated debt-to-gross domestic product (GDP) ratio. Finance Secretary Benjamin E. Diokno issued the statement in response to...

Despite the multi-trillion peso borrowings amid the prolonged-pandemic, the Philippine government’s risk of falling into a debt crisis remains low, the ASEAN+3 Macroeconomic Research Office (AMRO) said. According to the regional think tank, the likelihood of the government falling into debt...