The Philippines' debt reduced to 14.93 trillion PHP (259 billion USD) as of end-March, 1.67% lower than the country's outstanding debt recorded in end-February, the country’s Bureau of Treasury said on May 2.
Despite the Lao Government's efforts to lower prices of goods and services, the inflation rate in the country remained high in 2023, averaging 31.2%, according to the Lao Statistics Bureau.
Indonesia's combined foreign debt, including both government and private sector obligations, decreased to 395.1 billion USD in August from 397.1 billion USD the previous month, the central bank announced on October 16.
The Fed’s latest move did not come as a surprise to the market, as many had anticipated a rise in interest rates due to record inflation in the US during the past months.
Indonesia's foreign debt, which includes government and private sector borrowings, in the third quarter of this year was recorded at 408.5 billion USD, a drop by 3.8 percent year-on-year, compared to 5.1 percent in the previous quarter, Bank Indonesia (BI) announced on November 16.
Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarter last year, comprising public debt (government and central bank) of 202.9 billion USD, and private debt, including state-owned enterprises, of 201.4 billion USD.
Foreign debt of Indonesia rose 5.5 percent year-on-year to 333.6 billion USD in May while public debt increased 11.8 percent to 168.4 billion USD, reported the Central Bank of Indonesia (BI).
