Philippines could issue typhoon debt – ADB

A sizeable issue – to pay for rebuilding – would be an interesting barometer of how investors now see the country's growth story following the disaster.

Philippines could issue typhoon debt – ADB

The Philippines could sell more debt next year to help pay for reconstruction following Typhoon Haiyan, forecasts Juzhong Zhuang, deputy chief economist at the Asian Development Bank.

Although the disaster, which has so far claimed more than 3,000 lives, is not expected to seriously damage the country’s economic growth, tax revenue as a proportion of GDP is relatively low in the Philippines, limiting the government’s wiggle room, he told FinanceAsia.


To continue reading, please login or register for free

Click for more on: philippines | bonds | debt

Print Edition

FinanceAsia Print Edition