External debt as defined by the Bangko Sentral ng Pilipinas (BSP) refers to all types of borrowings by Philippine residents from non-residents, following the residency criterion for international statistics. It covers debt owed to non-residents, with classification by borrower based on primary obligor per covering loan/rescheduling agreement/ document. The reporting framework used by the BSP is in line with the international standards under the latest External Debt Statistics Guide and the International Monetary Fund's Balance of Payments and International Investment Position Manual (6th edition).
