3 weeks IIP posts higher net liability of $15B in Q2 – BSP MB |Biz
The country’s international investment position (IIP) registered a higher net liability position of $15 billion in the second quarter or up by 45.5 percent compared to $10.3 billion in the first quarter this year, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said this is because the total external financial liabilities increased at a faster pace of 6.7 percent compared to the 4.7 percent growth in the external financial assets side. The IIP which shows the value of financial assets of residents of an economy that are claims on non-residents, on a year-on-year basis posted lower net external ... more