GIR rises to $105B, boosts PH stability

The Philippines' external financial standing strengthened in May this year, as the country's gross international reserves (GIR) posted a notable increase, bolstering its capacity to withstand external economic pressures.

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The Bangko Sentral ng Pilipinas (BSP) reported that the country's GIR reached $105.5 billion at end-May 2025, higher compared with $105.3 billion at the end of April, providing a robust external liquidity buffer for the country.

BSP Governor Eli M. Remolona, Jr., said the latest GIR level provides a robust external liquidity buffer, equivalent to 7.3 months' worth of imports of goods and payments of services and primary income.

It also covers about 3.7 times the country's short-term external debt based on residual maturity.

The month-on-month increase in the GIR level was primarily due to three factors. First, there were upward valuation adjustments in the BSP's gold holdings, driven by the increase in the price of gold in the international market.