Honduras: External Debt Up 3% in 2018

At the end of last year, the public sector's external debt totaled $7.378 million, 3% more than the $7.145 million reported at the end of 2017.

Tuesday, March 19, 2019

The Public External Debt/Gross Domestic Product (GDP) Balance indicator at the end of 2018 stood at 30.5%, 0.6% lower than the figure reported at the end of 2017, informed the Central Bank of Honduras (BCH).

The BCH report reviews that "... The public sector recorded an external debt balance of US$7,377.9 million up to December 2018, higher by 3.3% (US$232.9 million) compared to the end of 2017.

The above is explained by a net indebtedness of US$268.6 million (disbursements received for US$503.8 million versus principal amortizations of US$235.2 million), partially offset by a favorable exchange variation of US$35.7 million, result of the appreciation of the dollar against other currencies.

Per type of creditor, 60.3% (US$4,455.3 million) of the balance of the public external debt belongs to multilateral organisms, 25.6% (US$1,885.7 million) to commercial (financial institutions and suppliers) and the remaining 14.1% (US$1,036.9 million) to bilateral. Per debtor type, the General Government owes 94.5% (US$6,968.6 million), followed by the Non-Financial Public Enterprises with 3.9% (US$290.9 million), the Monetary Authority with 1.2% (US$87.9 million) and the Financial Public Institutions the remaining 0.4% (US$30.5 million)
."

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More on this topic

Honduras: Foreign Debt Still Down

November 2019

Up to September 2019, the external debt of the public sector reached $7.285 million, a figure that is $93 million lower than that reported at the close of 2018.

From the Central Bank of Honduras report:

At the end of the third quarter, the external debt of the public sector registered a US$7,285.0 million balance, decreasing 1.3% (US$92.9 million) compared to December 2018.

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.

External Debt: Figures up to March 2019

June 2019

With regard to the figure for the end of the third month of 2018, up to March of this year the external debt of the public sector of Honduras increased by $151 million.

The balance of Honduras' total external debt stood at $9,008.7 million at the end of March 2019, $10.2 million less than that of December 2018, a result of a favorable exchange variation that reduced the balance by $12.9 million and net utilization of $2.7 million (disbursements received by $365.4 million, partially offset by capital payments of $362.7 million), explains a report by the Central Bank of Honduras (BCH).

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