Guatemala's Foreign Debt Rises

The total external debt to bilateral and multilateral agencies increased by $ 633 million in 2010 reaching $ 5,560 million.

Monday, January 17, 2011

Guatemalan Vice- Minister of Finance, Edgar Hernandez, said that much of the new debt is owed to the Bank of Japan JBIC.

AFP reports comments from the Vice - Minister, "... the total debt owed to multilateral institutions ... is now at the $ 4,252.3 million. Of this amount, $ 2,078.6 million to the Inter-American Development Bank, $ 1.374.9 million to the International Bank for Reconstruction and Development and finally, $ 766.1 million are owed to the Central American Bank for Economic Integration."

More on this topic

Nicaragua's External Debt Rises 4.8%

October 2014

Between December 2013 and July this year, the total external debt balance increased by $458.8 million.

A quarterly report by the Central Bank of Nicaragua (BCN) shows that the country's foreign debt (including private and public debt) closed at $9,843.9 million this June.

Guatemala: External Debt Exceeds $5,620 million

December 2011

The highest percentage of external debt is with multilateral organizations; to the IADB alone $2,192 million are owed.

Of the total debt, 39% corresponds to the Inter-American Development Bank (IDB), 24% to the International Bank for Reconstruction and Development (IBRD), 19% to the Central American Bank for Economic Integration (BCIE), and the rest to others.

Guatemala’s Foreign Debt

February 2010

The global economic crisis forced Guatemala to increase its debt, but the country must now try to reduce it.

Economists are worrying for Guatemala’s foreign and domestic debt levels. “Eventually, it will be unsustainable, and the country won’t be able to pay it back. It will not happen right now, but in the medium term”, said Miguel Gutiérrez, analyst at Central American Business Intelligence.

Companies and Banks Opposed to Increasing External Debt

April 2009

The Monetary Authority of Guatemala decided, against the vote of banking representatives and private enterprise sectors, to increase debt through issuance by 10.9%.

The main argument by the opposition is that the solution to the problems in the treasury is to reduce state spending, not increase debt.

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