Philippines: International Investment Position
	In million US dollar
					End-2001	r/	End-2002	r/
	A.   Assets				29178		31032
		1.   Direct Investment			1033		1099
			1.1   Equity Capital and Reinvested Earnings		1033		1099
			1.2   Other Capital		0		0
		2.   Portfolio Investment			2605		3199
			2.1   Equity Securities		110		118
			2.2   Debt Securities		2495		3081
		3.   Other Investment			9848		10369
		4.   Reserve Assets			15692		16365
	B.   Liabilities				65708		69400
		1.   Direct Investment			10684		12029
			1.1   Equity Capital and Reinvested Earnings		5966		7903
			1.2   Other Capital		4718		4126
		2.   Portfolio Investment			16136		18190
			2.1   Equity Securities		1897		2291
			2.2   Debt Securities		14239		15899
		3.   Other Investment			38888		39181
	Net International Investment Position				-36530		-38368
p/	- Preliminary
r/	- Revised
	Direct Investment Abroad
	In million US dollar
					End-2001	r/	End-2002	r/
	1.   Direct investment abroad				1033		1099
		1.1   Equity capital and reinvested earnings			1033		1099
			1.1.1   Claims on affiliated enterprises		1033		1099
			1.1.2   Liabilities to affiliated enterprises (-)		n.a.		n.a.
		1.2   Other capital			0		0
			1.2.1   Claims on affiliated enterprises		0		0
			1.2.2   Liabilities to affiliated enterprises (-)		0		0
p/	- Preliminary
r/	- Revised
n.a.	- Data not available
	Portfolio Investment - Assets
	In million US dollar
					End-2001	r/	End-2002	r/
	2.   Portfolio Investment - Assets				2605		3199
		2.1   Equity Securities			110		118
			2.1.1   Monetary authorities		0		0
			2.1.2   General Government		0		0
			2.1.3   Banks		22		23
			2.1.4   Other Sectors		88		95
		2.2   Debt Securities			2495		3081
			2.2.1   Bonds and notes		2112		1899
				2.2.1.1   Monetary authorities	0	a/	0	a/
				2.2.1.2   General Government	371		229
				2.2.1.3   Banks	1641		1553
				2.2.1.4   Other Sectors	100		117
			2.2.2   Money market instruments		383		1182
				2.2.2.1   Monetary authorities	0		0
				2.2.2.2   General Government	0		0
				2.2.2.3   Banks	63		879
				2.2.2.4   Other Sectors	320		303
p/	- Preliminary
r/	- Revised
a/	-  Inclusive of debt securities held as reserve assets.
	Other Investment - Assets
	In million US dollar
					End-2001	r/	End-2002	r/
	3.   Other investments - Assets				9848		10369
		3.1   Trade credits			3		6
			3.1.1   General government		0		0
				3.1.1.1   Long-term	0		0
				3.1.1.2   Short-term	0		0
			3.1.2   Other sectors		3		6
				3.1.2.1   Long-term	0		0
				3.1.2.2   Short-term	3		6
		3.2   Loans			3048		3392
			3.2.1   Monetary authorities		0		0
				3.2.1.1   Long-term	0		0
				3.2.1.2   Short-term	0		0
			3.2.2   General government		0		0
				3.2.2.1   Long-term	0		0
				3.2.2.2   Short-term	0		0
			3.2.3   Banks		2983		3329
				3.2.3.1   Long-term	58		153
				3.2.3.2   Short-term	2925		3176
			3.2.4   Other Sectors		65		63
				3.2.4.1   Long-term	34		47
				3.2.4.2   Short-term	31		16
		3.3   Currency and deposits			6648		6819
			3.3.1   Monetary authorities		0	b/	0	d/
			3.3.2   General government		0		0
			3.3.3   Banks		2566		2310
			3.3.4   Other Sectors		4082		4509
		3.4   Other Assets			149		152
			3.4.1   Monetary authorities		0	b/	0	d/
				3.4.1.1   Long-term	0		0
				3.4.1.2   Short-term	0		0
			3.4.2   General government		33		35
				3.4.2.1   Long-term	0		0
				3.4.2.2   Short-term	33		35
			3.4.3   Banks		113		114
				3.4.3.1   Long-term	8		8
				3.4.3.2   Short-term 3/	105		106
			3.4.4   Other Sectors		3		3
				3.4.4.1   Long-term	0	c/	0
				3.4.4.2   Short-term	3		3
p/	- Preliminary
r/	- Revised
b/	-  Classified as reserve assets.
c/	- Breakdown into long and short-term not available; other assets were assumed to be short-term.
	Reserve Assets
	In million US dollar
					End-2001	r/	End-2002	r/
	4.   Reserve Assets				15692		16365
		4.1   Monetary gold			2216		3036
		4.2   Special drawing rights			14		10
		4.3   Reserves position in the fund			109		118
		4.4   Foreign Exchange			13353		13201
			4.4.1   Currency and deposits		5145		3268
			4.4.2   Securities		8208		9933
				4.4.2.1   Equities	0		0
				4.4.2.2   Bonds and notes	8208		9933
				4.4.2.3   Money market instruments	0		0
		4.5   Other claims			0		0
p/	- Preliminary
r/	- Revised
	Direct Investment In the Philippines
	In million US dollar
					End-2001	r/	End-2002	r/
	1.   Direct investment in the Philippines				10684		12029
		1.1   Equity capital and reinvested earnings			5966		7903
			1.1.1   Claims on direct investors (-)		n.a		n.a
			1.1.2   Liabilities to direct investors		5966		7903
		1.2   Other capital			4718		4126
			1.2.1   Claims on direct investors (-)		-564	d/	-781
			1.2.2   Liabilities to direct investors		5282		4907
p/	- Preliminary
r/	- Revised
n.a.	- Data not availbale
d/	- Entries on other capital are on net basis; claims and liabilities between affiliates are entered
	under offsetting accounts.
	Portfolio Investment - Liabilities
	In million US dollar
					End-2001	r/	End-2002	r/
	2.   Portfolio investment - Liabilities				16136		18190
		2.1   Equity Securities			1897		2291
			2.1.1   Banks		23		13
			2.1.2   Other Sectors		1874		2278
		2.2   Debt Securities			14239		15899
			2.2.1   Bonds and notes		14239		15899
				2.2.1.1   Monetary authorities	1016		893
				2.2.1.2   General Government	7167		8577
				2.2.1.3   Banks	637		472
				2.2.1.4   Other Sectors	5419		5957
			2.2.2   Money market instruments		0		0
				2.2.2.1   Monetary authorities	0		0
				2.2.2.2   General Government	0		0
				2.2.2.3   Banks	0	e/	0	d/
				2.2.2.4   Other Sectors	0	e/	0
p/	- Preliminary
r/	- Revised
e/	-  All debt securities were assumed to be bonds and notes.
	Other Investment - Liabilities
	In million US dollar
					End-2001	r/	End-2002	r/
	3.   Other investments - Liabilities				38888		39181
		3.1   Trade credits			1753		1632
			3.1.1   General government		19		15
				3.1.1.1   Long-term	19		15
				3.1.1.2   Short-term	0		0
			3.1.2   Other sectors		1734		1617	e/
				3.1.2.1   Long-term	1039		1111
				3.1.2.2   Short-term	695		506
		3.2   Loans			35975		36918
			3.2.1   Monetary authorities		4657		3727
				3.2.1.1   Use of Fund credit and  loans from the Fund	1948		1675
				3.2.1.2   Other long-term	484		452
				3.2.1.3   Short-term	2225		1600
			3.2.2   General government		13101		14039
				3.2.2.1   Long-term	13101		14039
				3.2.2.2   Short-term	0		0
			3.2.3   Banks		3943		5080
				3.2.3.1   Long-term	2612		2875
				3.2.3.2   Short-term	1508		2413
			3.2.4   Other Sectors		14274		14072
				3.2.4.1   Long-term	13464		13285
				3.2.4.2   Short-term	633		579
		3.3   Currency and deposits			1096		560
			3.3.1   Monetary authorities		2		0
			3.3.2   General Government		0		0
			3.3.3   Banks		1055		531
			3.3.4   Other Sectors		39		29
		3.4   Other Liabilities			64		71
			3.4.1   Monetary authorities		0		0
				3.4.1.1   Long-term	0		0
				3.4.1.2   Short-term	0		0
			3.4.2   General government		0		0
				3.4.2.1   Long-term	0		0
				3.4.2.2   Short-term	0		0
			3.4.3   Banks		61		67
				3.4.3.1   Long-term	0	f/	0	f/
				3.4.3.2   Short-term	61		67
			3.4.4   Other Sectors		3		4
				3.4.4.1   Long-term	0	f/	0
				3.4.4.2   Short-term	3		4
p/	- Preliminary
r/	- Revised
f/	- Other liabilities were assumed to be all short-term.