Public Debt Increases to 10%

Between June of last year and the same month of 2019, the government's debt in Panama increased from $24.233 million to $26.612 million, an increase explained by the increase in domestic debt.

Monday, August 26, 2019

The Ministry of Economy and Finance informed that within the external debt service, the payment of capital to Multilateral Organizations for $35.6 million and $15.7 million to Banking Entities stands out.

The report states that "... The total public debt balance decreased by US$578.4 million (-2.1%) with respect to the balance registered at the close of May 2019, highlighting the disbursement of US$140.0 million corresponding to the twelfth section of Treasury Bonds 2024 with coupon of 4.95%; US$40.0 million corresponding to the fifth auction of the year of Treasury Bills for a 6-month term and a weighted average yield of 2.52%; and US$48.5 million corresponding to the sixth auction of the year of Treasury Bills for a 12-month term and a weighted average yield of 2.60%.

On the other hand, the Multilateral Organizations disbursed US$168.7 million in June, highlighting US$150.0 million in the Program to Strengthen Policies for the Development of Air Transport and Urban Mobility in Panama; US$11.0 million in the Bilingual Panama Program; US$5.8 million in the Program for the Expansion and Modernization of Educational Infrastructure and US$1.9 million in the Project for the Restoration of Watersheds subscribed with the Latin American Development Bank (CAF). In addition, ING Cese Facility disbursed US$34.6 million in the Project for Line 1 of the Panama Subway 70 Wagons.

At the end of June, yields on the most liquid international debt securities in the Republic of Panama showed an average decrease of 27 basis points (bps) compared to the previous month, while local instruments recorded an average decrease of 36 bps.
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More on this topic

External Debt: Figures up to June 2019

August 2019

Regarding the figure for the end of the first half of 2018, up to June of this year the external debt of the public sector of Honduras increased by $163 million.

From the Central Bank of Honduras report:

At the end of the first semester of 2019, total external debt (public and private) registered a balance of US$9,035.1 million, higher by US$16.2 million compared to December 2018.

External Debt Figures up to May, 2019

June 2019

At the end of the fifth month of 2019, Nicaragua's public external debt reached $6,011 million, which represents a $61 million increase over what was reported in December 2018.

From the Central Bank of Nicaragua statement:

According to these statistics, the balance of the public external debt up to May 31, 2019 was of 6,011.0 million dollars, which represented a 6.7-million-dollar decrease regarding the balance registered in the previous month (US$6,017.7 million). Compared to the balance up to December 2018 (US$5,949.6 million), this represented a 61.4-million-dollar increase, as a result of disbursements of external loans to the month of May in 149 million dollars, mainly from multilateral institutions (US$125.6 million), and principal payments of contracted debt for 74.3 million dollars.

Panamanian Public Debt Grows at 9%

April 2019

Between March of this year and the same month of 2018, the government's debt rose from $23.673 million to $25.893 million, a rise explained by the increase in external debt.

The balance of total public debt increased by $188.6 million (0.7%) with respect to the balance recorded at the end of February 2019, highlighting the disbursement of $52 million corresponding to the tenth tranche of Treasury Note 2023 with a coupon of 3.0%, and $35 million corresponding to the second auction of 12-month Treasury Bills with a weighted average yield of 3%, informed the Ministry of Economy and Finance.

Panama: Public Debt up 10%

November 2018

Partly explained by issuance in international markets between October last year and the same month in 2018, government debt increased from $23.418 million to $25.814 million.

According to the most recent figures from the Ministry of Economy and Finance of Panama, between the tenth month of 2017 and October of this year, the government has increased the debt by $2.396 million.

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