Module 9

Question 1

at any given time, is the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.

Answer 1

gross external debt

Question 2

External debt data are generally compiled by the

Answer 2

International Operations
Department (IOD) of the Bangko Sentral ng Pilipinas (BSP)

Question 3

Debt transparency helps both borrowers and lenders make sound financial
decisions. Readily available external debt data allows analysts and policymakers to
make informed decisions that support macroeconomic goals and debt sustainability.

Answer 3

Under Executive Order No. 352 entitled “Designation of Statistical Activities That
Will Generate Critical Data for Decision-Making of the Government and the Private
Sector”, approved on 01 July 1996, the BSP was designated as the implementing
agency to compile and release external debt statistics to the public.

Question 4

was established by the IMF to set a standard reporting format and guide member countries that have, or might seek, access to international capital markets
in the provision of their economic and financial data to the public.

Answer 4

Special Data Dissemination Standard (SDDS)

Question 5

refers to a country’s capacity to meet its current and future payment obligations without debt relief, extraordinary assistance or going into default.

Answer 5

external debt sustainability

Question 6

refers to the act of a company repaying its debts as they become due or buying back its own debt securities from the open market.

Answer 6

debt retirement

Question 7

PH GDP in 2022

Answer 7

7.6

Question 8

PH GDP in 2021

Answer 8

5.7

Question 9

GDP growth forecast in 2023

Answer 9

5.9

Question 10

GDP growth forecast in 2024

Answer 10

6.2

Question 11

The main sectors driving economic growth in the Philippines are the

Answer 11

service sector, agriculture, and industry.

Question 12

In 2021, the external debt of the Philippines was

Answer 12

106.4 billion

Question 13

In 2022, the external debt increased to

Answer 13

111.3 billion

Question 14

is a powerful intelligence tool that delivers unmatched perspective into anonymous, time-series credit data, specifically attributed for trending, market analysis, benchmarking and research purposes.

Answer 14

credit trends

Question 15

-refers to the total value of the debt that a nation owes to all lenders.

Answer 15

debt stock

Question 16

refers to the regular payments made by a borrower to fulfill their debt obligations, typically consisting of both principal and interest payments

Answer 16

debt service

Question 17

on the other hand, refers to the overdue or unpaid amounts that have accumulated on a borrower’s debt.

Answer 17

debt elimination arrears

Question 18

Involve agreements between creditors and debtors to reduce the amount of debt owed. These schemes can take various forms, such as debt forgiveness, debt restructuring, or debt buyback programs

Answer 18

voluntary debt reduction scheme

Question 19

Commonly used indicators include the:

Answer 19

(a) external debt to gross domestic product (GDP) ratio;
(b) debt service burden to receipts from exports of goods and services and primary income (XGSI) ratio; and
(c) gross international reserves (GIR) to short-term (ST) external debt ratio.

Question 20

Total external debt (EDT) stood at Sep 2023

Answer 20

118.8 billion