Rising Philippine debt interest costs squeeze funds for education, infrastructure—World Bank
Why now
Thesis: Debt costs squeeze emerging-market fiscal space
Catalyst to watch: Further rate rises or rating actions
Main risk: Country-specific, limited global spillover
Why it matters
Rising debt interest costs crowd out Philippine education and infrastructure spending, a fiscal drag common across emerging markets.
Sources
- googlenews · news.google.com · 2026-09-28 10:43 UTC