International Operations
The BSP’s mandate on international operations under the purview of the International Operations Department is to support the promotion and maintenance of price stability, external sustainability, and the integrity and value of the Philippine peso through the effective management of external debt, foreign investments and other foreign exchange (FX) transactions.
Such mandate is supported by the 1987 Philippine Constitution and various issuances, regulations and laws such as the Foreign Borrowings Act [Republic Act (R.A.) No. 4860, as amended], the BSP Charter (R.A. No. 7653, as amended by R.A. No. 11211) and the Foreign Investments Act (R.A. No. 7042, as amended by R.A. No. 11647).
+ '/About The Bank/Thumbnails/Formulation.jpg'}})
Formulation and implementation of policies covering foreign exchange (FX) transactions
Policies governing FX transactions facilitate access to the banking system’s FX resources to support a stable FX market while remaining responsive to prevailing domestic and global economic conditions.
Read more
+ '/About The Bank/Thumbnails/ApprovalRegistration.jpg'}})
Approval/Registration of foreign/foreign currency loans/borrowings
The process of approval/registration/reporting of foreign/foreign currency loans/borrowings by resident entities contribute to external debt sustainability by facilitating timely assessment of their impact on monetary aggregates, balance of payments, international reserves, and key debt indicators, among others.
+ '/About The Bank/Thumbnails/Registration.jpg'}})
Registration of foreign investments
The registration of foreign investments for capital repatriation and/or the remittance of related earnings in pesos is required to facilitate access to the banking system’s FX resources, while ensuring it remains supportive with the country's thrust of fostering a policy environment conducive to sustained inflow of foreign investments that support economic development and growth.
+ '/About The Bank/Thumbnails/Monitoring.jpg'}})
Monitoring and analysis of external debt and foreign investments
The BSP monitors and analyzes external debt and investment statistics to assess the economy’s FX requirements and evaluate the impact of capital flows, thereby providing inputs for policy formulation.
