Based on the records of Bangko Sentral ng Pilipinas (BSP), as of June 30, 2000 the country owes US$52.164 billion to foreign creditors reflecting a US$ .251 billion drop from the end of March 2000 level of US$ 52.415. The country's outstanding external debt is US$ 4.347 higher since President Estrada assumed office.
Medium and Long-Term accounts or accounts payable over a period of more than one year, comprise 88.64% of the total liabilities, which is favorable to the country.(See Table 1)
Table 1: Total Philippine Foreign Exchange Liabilities by Creditor Type, as of June 2000. (in million US dollars)
Creditor
Amount
I. Medium and Long-Term
46,232
II. Short-Term
5,932
Trade
1,916
Non-Trade
4,015
TOTAL
52,164
Source: Bangko Sentral ng Pilipinas
Bilateral agencies, specifically Japan accounts for 26.9% of the country's outstanding foreign exchange liabilities, while multilateral agencies account for 18.9% and 25.68% represents the
bondholders/Noteholders.(See Table 2)
Table 2: Total Philippines Foreign Exchange Liabilities
by Country Profile, as of June 2000 (in $ million)
