Currently, the Assembly is discussing the loan file requested to the International Monetary Fund (IMF), which amounts to $1,750 million that will be used to mitigate the fiscal impact caused by the economic crisis resulting from the outbreak of covid-19.

In addition to this multi-million-dollar amount, the government plans to place $4 billion of foreign debt in the international market. According to the authorities of the Ministry of Finance, it is expected that between 2022 and 2025, $1 billion will be allocated each year.

Elian Villegas, head of the Ministry of Finance, told Crhoy.com that with the $4 billion, "... the intention is to contemplate the financing plan for the next years, which among other things includes the eventual funds that the country will receive from the $1.75 billion loan with the IMF."

The article adds that "... for this 2021, the government has financing needs that reach 13.5% of the Gross Domestic Product. Until the end of February, it was estimated that about 10.7% remains to be financed."

Check out the "System for monitoring markets and economic situation in the countries of Central America", prepared by CentralAmericaData.

Source: Crhoy.com

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