Phl debt hits record P18.55T as gov’t ramps up borrowing

Domestic obligations accounted for the bulk of the debt stock at 67.37 percent, while external debt comprised 32.63 percent, reflecting the government’s strategy of relying more heavily on local financing to support domestic capital markets and reduce exposure to foreign exchange risks. Domestic debt rose by P80.12 billion, or 0.65 percent, to P12.50 trillion, mainly…

Civil Society Calls for Global Debt Overhaul, Says Loan Burden Is Undermining Africa’s Health Systems – Health Business

  Civil society leaders in Kenya are calling for sweeping reforms to the global debt architecture, arguing that rising debt repayments are starving African governments of resources needed to finance healthcare, education and other essential public services while trapping countries in a cycle of borrowing. Speaking at the launch of the Freedom from Debt campaign…