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1. Obtain the latest press release and statistics of the Philippines' Balance of Payments from the BSP website (www.bsp.gov.ph) and answer the following: a. Does

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1. Obtain the latest press release and statistics of the Philippines' Balance of Payments from the BSP website (www.bsp.gov.ph) and answer the following: a. Does the Philippines suffer a trade surplus or trade deficit for 2020 and first nine Months of 2021? Explain b. Does the Philippines suffer a current account surplus or current account deficit for 2020 and first nine months of 2021? c. What is the status of the Philippines' Foreign Direct Investment for 2020 and first nine months of 2021? Explain / what is the status of the Philippines' Foreign Portfolio Investment for 2020 and first nine months of 2021? Explain 2. What is the role of the Asia Infrastructure Investment Bank (AllB) in the area of Global Finance? How is their financing structure different from the Asian Development Bank (ADB)

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