Gov't looking at repaying some debt early

Reuters

Posted at Oct 26 2010 06:11 PM | Updated as of Oct 27 2010 02:11 AM

MANILA, Philippines - National Treasurer Roberto Tan said the government was looking at making early repayment of official development assistance (ODAs) loans, after the central bank had said it was an option to help counter strong foreign inflows.

"We are looking at it," Tan told reporters when asked about the possibility of repaying foreign debt early.

"These are mostly ODAs," he said, saying the move was being considered because of the strength in the peso, which has risen to 2-½ year highs against the dollar.