IIPThe Philippines has reduced international financial liabilities as of the second quarter, but overall it remains a debtor nation, central bank data released earlier this week showed.

The international investment position (IIP)—a summary of the country’s stock of financial claims on and liabilities to the rest of the world—was a negative $39.2 billion for the period, according to preliminary figures released by the Bangko Sentral ng Pilipinas (BSP).

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