| 17 |
TOTAL EXTERNAL DEBT 1/ r/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
as of periods indicated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
in million US dollars |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Mar |
Jun |
Sep |
|
Mar |
Jun |
Sep |
|
Mar |
Jun |
Sep |
|
Mar |
Jun |
Sep |
|
|
| |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2007 |
2007 |
2007 |
2008 |
2008 |
2008 |
2008 |
2009 |
2009 |
2009 |
2009 |
2010 |
2010 |
2010 |
2010 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
By Type of Debt |
51,358 |
52,047 |
53,802 |
57,567 |
55,027 |
54,353 |
53,897 |
55,470 |
54,328 |
54,856 |
55,470 |
|
|
|
54,328 |
|
|
|
54,856 |
56,963 |
57,258 |
59,771 |
60,048 |
|
| |
Medium and
Long-Term |
45,863 |
46,046 |
48,244 |
51,389 |
49,981 |
47,958 |
48,888 |
48,387 |
47,327 |
50,853 |
48,387 |
|
|
|
47,327 |
|
|
|
50,853 |
51,738 |
51,760 |
54,029 |
53,753 |
|
| |
Short-Term |
5,495 |
6,001 |
5,559 |
6,179 |
5,046 |
6,395 |
5,009 |
7,084 |
7,001 |
4,002 |
7,084 |
|
|
|
7,001 |
|
|
|
4,002 |
5,225 |
5,498 |
5,742 |
6,295 |
|
| |
Trade |
1,640 |
1,285 |
1,055 |
1,299 |
1,675 |
2,178 |
2,112 |
2,469 |
1,949 |
1,901 |
2,469 |
|
|
|
1,949 |
|
|
|
1,901 |
2,962 |
3,415 |
3,443 |
2,960 |
|
| |
Non-Trade |
3,855 |
4,716 |
4,503 |
4,879 |
3,371 |
4,216 |
2,897 |
4,614 |
5,052 |
2,101 |
4,614 |
|
|
|
5,052 |
|
|
|
2,101 |
2,263 |
2,083 |
2,299 |
3,335 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
By Borrower |
51,358 |
52,047 |
53,802 |
57,567 |
55,027 |
54,353 |
53,897 |
55,470 |
54,328 |
54,856 |
55,470 |
|
|
|
54,328 |
|
|
|
54,856 |
56,963 |
57,258 |
59,771 |
60,048 |
|
| |
Banking
System 2/ |
11,400 |
11,748 |
11,127 |
11,419 |
9,831 |
11,252 |
10,404 |
10,876 |
8,602 |
6,646 |
10,876 |
|
|
|
8,602 |
|
|
|
6,646 |
6,912 |
6,695 |
7,314 |
8,186 |
|
| |
Central Bank
2/ |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Bangko
Sentral 3/ |
4,975 |
5,891 |
4,807 |
4,594 |
2,902 |
2,033 |
615 |
520 |
1,985 |
1,515 |
520 |
|
|
|
1,985 |
|
|
|
1,515 |
1,527 |
1,494 |
1,549 |
1,459 |
|
| |
Banks |
6,425 |
5,859 |
6,320 |
6,824 |
6,930 |
9,219 |
9,789 |
10,356 |
6,616 |
5,132 |
10,356 |
|
|
|
6,616 |
|
|
|
5,132 |
5,385 |
5,201 |
5,765 |
6,727 |
|
| |
Government Banks 4/ |
2,992 |
2,664 |
2,939 |
3,018 |
3,229 |
3,048 |
3,136 |
2,784 |
3,184 |
3,072 |
2,784 |
|
|
|
3,184 |
|
|
|
3,072 |
3,043 |
3,028 |
3,203 |
3,196 |
|
| |
Private
Banks |
3,433 |
3,195 |
3,381 |
3,806 |
3,700 |
6,171 |
6,653 |
7,572 |
3,432 |
2,060 |
7,572 |
|
|
|
3,432 |
|
|
|
2,060 |
2,342 |
2,173 |
2,562 |
3,531 |
|
| |
Foreign Banks |
436 |
944 |
701 |
710 |
977 |
2,864 |
4,184 |
4,866 |
1,354 |
789 |
4,866 |
|
|
|
1,354 |
|
|
|
789 |
963 |
921 |
1,032 |
937 |
|
| |
Domestic Banks |
2,997 |
2,251 |
2,680 |
3,096 |
2,724 |
3,307 |
2,469 |
2,706 |
2,078 |
1,271 |
2,706 |
|
|
|
2,078 |
|
|
|
1,271 |
1,379 |
1,252 |
1,530 |
2,594 |
|
| |
Non-Banking
System |
39,957 |
40,298 |
42,676 |
46,148 |
45,196 |
43,101 |
43,493 |
44,594 |
45,726 |
48,209 |
44,594 |
|
|
|
45,726 |
|
|
|
48,209 |
50,052 |
50,563 |
52,457 |
51,862 |
|
| |
Public |
26,320 |
24,988 |
27,947 |
32,058 |
31,946 |
31,588 |
33,630 |
34,683 |
35,466 |
38,647 |
34,683 |
|
|
|
35,466 |
|
|
|
38,647 |
39,392 |
39,698 |
41,637 |
41,542 |
|
| |
NG
& Others 3/ |
25,856 |
24,674 |
27,682 |
31,876 |
31,845 |
31,532 |
33,584 |
34,643 |
35,430 |
38,621 |
34,643 |
|
|
|
35,430 |
|
|
|
38,621 |
39,372 |
39,677 |
41,619 |
41,524 |
|
| |
CB -
BOL 2/ |
464 |
314 |
265 |
182 |
101 |
56 |
46 |
40 |
36 |
26 |
40 |
|
|
|
36 |
|
|
|
26 |
21 |
21 |
17 |
18 |
|
| |
Private |
13,637 |
15,310 |
14,729 |
14,090 |
13,250 |
11,513 |
9,863 |
9,911 |
10,260 |
9,562 |
9,911 |
|
|
|
10,260 |
|
|
|
9,562 |
10,660 |
10,865 |
10,820 |
10,320 |
|
| |
of which:
Red Clause/Export Advances |
230 |
174 |
111 |
111 |
151 |
162 |
188 |
237 |
138 |
83 |
237 |
|
|
|
138 |
|
|
|
83 |
71 |
73 |
96 |
134 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
By Institutional
Creditor |
51,358 |
52,047 |
53,802 |
57,567 |
55,027 |
54,353 |
53,897 |
55,470 |
54,328 |
54,856 |
55,470 |
|
|
|
54,328 |
|
|
|
54,856 |
56,963 |
57,258 |
59,771 |
60,048 |
|
| |
Banks and Other
Financial Institutions |
10,411 |
11,621 |
11,790 |
10,681 |
11,175 |
12,899 |
10,699 |
10,488 |
9,040 |
6,511 |
10,488 |
|
|
|
9,040 |
|
|
|
6,511 |
6,658 |
6,444 |
6,890 |
7,183 |
|
| |
Suppliers |
1,578 |
1,879 |
2,079 |
3,236 |
2,041 |
1,883 |
2,866 |
3,705 |
2,474 |
2,179 |
3,705 |
|
|
|
2,474 |
|
|
|
2,179 |
3,238 |
3,696 |
3,732 |
3,236 |
|
| |
Multilateral |
9,817 |
9,699 |
9,128 |
9,203 |
8,621 |
7,516 |
7,299 |
7,891 |
9,082 |
10,939 |
7,891 |
|
|
|
9,082 |
|
|
|
10,939 |
10,738 |
10,628 |
11,005 |
10,908 |
|
| |
of which: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
I B R D |
3,626 |
3,251 |
3,322 |
3,446 |
3,317 |
2,884 |
2,687 |
2,726 |
2,539 |
2,496 |
2,726 |
|
|
|
2,539 |
|
|
|
2,496 |
2,416 |
2,370 |
2,576 |
2,583 |
|
| |
IMF |
2,031 |
1,948 |
1,675 |
1,193 |
755 |
390 |
0 |
0 |
0 |
0 |
0 |
|
|
|
0 |
|
|
|
0 |
0 |
0 |
0 |
0 |
|
| |
A D B |
3,324 |
3,160 |
3,271 |
3,710 |
3,730 |
3,500 |
3,930 |
4,228 |
4,764 |
5,933 |
4,228 |
|
|
|
4,764 |
|
|
|
5,933 |
5,865 |
5,844 |
5,931 |
5,879 |
|
| |
Bilateral |
15,336 |
14,531 |
15,621 |
16,895 |
16,800 |
14,282 |
13,400 |
13,709 |
15,418 |
14,717 |
13,709 |
|
|
|
15,418 |
|
|
|
14,717 |
14,656 |
15,152 |
15,842 |
15,888 |
|
| |
Export
Credit Agencies |
1,925 |
2,380 |
2,495 |
2,281 |
2,027 |
1,690 |
1,389 |
1,223 |
1,163 |
1,061 |
1,223 |
|
|
|
1,163 |
|
|
|
1,061 |
1,044 |
1,078 |
1,085 |
1,042 |
|
| |
Others |
13,411 |
12,151 |
13,126 |
14,614 |
14,773 |
12,592 |
12,011 |
12,486 |
14,255 |
13,656 |
12,486 |
|
|
|
14,255 |
|
|
|
13,656 |
13,612 |
14,074 |
14,757 |
14,846 |
|
| |
Bondholders/Noteholders |
13,322 |
13,567 |
14,752 |
17,111 |
15,839 |
17,184 |
19,064 |
18,911 |
17,611 |
19,769 |
18,911 |
|
|
|
17,611 |
|
|
|
19,769 |
20,866 |
20,584 |
21,525 |
21,861 |
|
| |
Others |
894 |
749 |
433 |
440 |
551 |
588 |
570 |
766 |
703 |
742 |
766 |
|
|
|
703 |
|
|
|
742 |
806 |
754 |
777 |
972 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
By Country
Profile |
51,358 |
52,047 |
53,802 |
57,567 |
55,027 |
54,353 |
53,897 |
55,470 |
54,328 |
54,856 |
55,470 |
|
|
|
54,328 |
|
|
|
54,856 |
56,963 |
57,258 |
59,771 |
60,048 |
|
| |
Country |
28,219 |
28,781 |
29,922 |
31,253 |
30,567 |
29,653 |
27,534 |
28,668 |
27,635 |
24,148 |
28,668 |
|
|
|
27,635 |
|
|
|
24,148 |
25,359 |
26,046 |
27,241 |
27,279 |
|
| |
of
which: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
USA |
5,424 |
6,043 |
6,270 |
6,223 |
3,896 |
3,491 |
2,381 |
2,186 |
2,975 |
1,380 |
2,186 |
|
|
|
2,975 |
|
|
|
1,380 |
1,415 |
1,242 |
1,407 |
1,713 |
|
| |
Japan |
13,136 |
11,986 |
11,986 |
14,478 |
14,528 |
12,385 |
11,500 |
11,936 |
13,602 |
12,768 |
11,936 |
|
|
|
13,602 |
|
|
|
12,768 |
12,759 |
12,977 |
13,622 |
13,782 |
|
| |
UK |
662 |
527 |
541 |
688 |
472 |
894 |
478 |
514 |
648 |
484 |
514 |
|
|
|
648 |
|
|
|
484 |
493 |
500 |
625 |
667 |
|
| |
France |
872 |
689 |
967 |
923 |
1,387 |
2,411 |
3,321 |
3,381 |
602 |
645 |
3,381 |
|
|
|
602 |
|
|
|
645 |
696 |
880 |
959 |
977 |
|
| |
Germany |
3,133 |
3,467 |
3,156 |
2,690 |
2,693 |
3,013 |
3,109 |
3,249 |
2,761 |
1,999 |
3,249 |
|
|
|
2,761 |
|
|
|
1,999 |
1,860 |
1,769 |
1,799 |
1,646 |
|
| |
Republic of
Korea |
216 |
265 |
286 |
253 |
279 |
203 |
166 |
166 |
166 |
167 |
166 |
166 |
166 |
166 |
166 |
166 |
166 |
166 |
167 |
167 |
167 |
167 |
167 |
|
| |
Multilateral
Agencies |
9,817 |
9,699 |
9,128 |
9,203 |
8,621 |
7,516 |
7,299 |
7,891 |
9,082 |
10,939 |
7,891 |
|
|
|
9,082 |
|
|
|
10,939 |
10,738 |
10,628 |
11,005 |
10,908 |
|
| |
Bondholders/Noteholders |
13,322 |
13,567 |
14,752 |
17,111 |
15,839 |
17,184 |
19,064 |
18,911 |
17,611 |
19,769 |
18,911 |
|
|
|
17,611 |
|
|
|
19,769 |
20,866 |
20,584 |
21,525 |
21,861 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Note: Totals may not add up due to rounding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1/ Under the 1995
revised reporting concept approved by the Monetary
Board, the following accounts/items form part of/are excluded from said
figures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Inclusion: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
- Cumulative FX revaluation on US$-denominated |
(6) |
(377) |
(61) |
276 |
351 |
13 |
24 |
106 |
124 |
124 |
106 |
|
|
|
124 |
|
|
|
178 |
139 |
151 |
221 |
234 |
|
| |
multi-currency loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
- Allocation of Special Drawing Rights (SDRs),
consistent with the guidelines of the Balance of Payments and International
Investment Position Manual, 6th edition |
|
|
|
|
|
|
|
|
|
| |
Exclusion: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
- Intercompany accounts (gross "Due to Head |
2,897 |
3,064 |
2,451 |
2,034 |
2,578 |
3,042 |
2,674 |
2,812 |
2,989 |
2,989 |
2,812 |
|
|
|
2,989 |
|
|
|
2,533 |
2,782 |
2,731 |
3,010 |
4,268 |
|
| |
Office/Branches) of Philippine branches of foreign banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
- Private sector loans without BSP approval/registration |
1,762 |
1,745 |
2,244 |
2,216 |
2,708 |
3,433 |
3,985 |
7,357 |
6,966 |
6,966 |
7,357 |
|
|
|
6,966 |
|
|
|
6,445 |
6,487 |
6,772 |
7,747 |
8,433 |
|
| |
- Private sector obligations under capital lease
agreements |
1,532 |
1,428 |
1,340 |
1,446 |
1,323 |
1,318 |
1,092 |
1,045 |
996 |
996 |
1,045 |
|
|
|
996 |
|
|
|
1,038 |
991 |
961 |
919 |
995 |
|
| |
2/
Effective July 3, 1993, accounts of old CB were split between Bangko
Sentral ng Pilipinas and Central Bank - Board of Liquidators (CB-BOL) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
3/
Revised from 1990-2000 to reflect reclassification of liabilities owed
to the IMF from the National Government to the BSP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
4/
Accounts of the Development Bank of the Philippines have been
reclassified from public non-banking to banking sector liabilities starting
1996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
r/
Revised to reflect new treatment of Hybrid Tier 1 accounts beginning
March 2006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Source:
International Operations Department |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|