The Central Bank of the Philippines reported that gross international reserves stood at USD104.3 billion at the end of April 2026, while the country's overall balance of payments recorded a USD2.1 billion deficit in April and a cumulative USD7.4 billion deficit for January to April 2026. The reserve stock continued to provide external liquidity cover for imports and foreign debt obligations. At end-April, reserves were equivalent to 6.9 months of imports of goods and payments of services and primary income, and 3.8 times short-term external debt based on residual maturity. Gross international reserves comprise foreign-denominated securities, foreign exchange, and other assets including gold.
Central Bank of the Philippines2026-05-19
Central Bank of the Philippines reports end-April reserves at USD104.3 billion as January to April balance of payments deficit reaches USD7.4 billion
The Central Bank of the Philippines reported gross international reserves of USD104.3 billion at end-April 2026, with the overall balance of payments posting a USD2.1 billion deficit in April and a cumulative USD7.4 billion deficit for January to April 2026. The reserves provided external liquidity cover equivalent to 6.9 months of imports and payments of services and primary income and 3.8 times short-term external debt based on residual maturity.