ADB urges developing markets to strengthen fiscal position

Inquirer.net 16 h Philippines

MANILA, Philippines — The Asian Development Bank (ADB) said developing economies such as the Philippines, facing rising bond yields and weakening currencies, should strengthen their creditworthiness and fiscal position to withstand higher borrowing costs. At a press conference on Monday, Masato Kanda, president of the Manila-based lender, said the bank was concerned about the impact of

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