PH net liability position up 39.1% to $34.1B in 2012

The Philippines’ International Investment Position (IIP) declined as the country’s net liability position grew by 39.1 percent to reach $34.1 billion at end-2012, according to the preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday.

The IIP summarizes the country’s stock of financial claims on and financial liabilities to the rest of the world as of a specific reporting period.