The Central Bank of the Philippines reported that the Philippines recorded a balance of payments deficit of USD 373 million in January 2026, while gross international reserves increased to USD 112.6 billion at end-January. The end-January reserve level was equivalent to 7.5 months of imports of goods and payments of services and primary income, and covered about 4.1 times the country’s short-term external debt on a residual-maturity basis.
Central Bank of the Philippines 2026-02-18
Central Bank of the Philippines reports USD 373 million January balance of payments deficit and reserves rising to USD 112.6 billion
The Central Bank of the Philippines announced a balance of payments deficit of USD 373 million for January 2026, with gross international reserves rising to USD 112.6 billion. These reserves cover 7.5 months of imports and 4.1 times the short-term external debt on a residual-maturity basis.