Honduras: Foreign Debt Declines

Up to August 2019, the external debt of the public sector amounted to $7.290 million, a figure that is $88 million lower than that reported at the close of 2018.

Wednesday, October 23, 2019

From the Central Bank of Honduras report:

The public sector recorded an external debt balance of US$7,289.9 million up to August 2019, lower by 1.2% (US$88.0 million) compared to the closing of the previous year. The above is explained by a net amortization of US$60.1 million (principal payments of US$194.6 million versus disbursements received of US$134.5 million), partially offset by a favorable exchange variation of US$27.9 million, result of the appreciation of the dollar against other currencies.

The Public External Debt Balance/Gross Domestic Product (GDP) indicator to August 2019 was at 29.3%, lower by 1.5 percentage points (pp) to December 2018 (30.8%), indicating the sustainability of the public external debt in the medium and long term, when remaining below the prudential limit recommended by the World Bank.

Per type of creditor, 61.1% (US$4,454.9 million) of the balance of the public external debt corresponds to multilateral organisms, 25.6% (US$1,867.1 million) to commercial (financial institutions and suppliers) and the remaining 13.3% (US$967.9 million) to bilateral. Per debtor type, the General Government owes 94.9% (US$6,922.7 million), followed by the Non-Financial Public Enterprises with 3.8% (US$275.1 million), the Monetary Authority with 0.9% (US$64.3 million) and the Financial Public Institutions with 0.4% (US$27.8 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 Decreased in First Quarter

April 2019

Compared to the 2018 year-end figure, Honduras' public sector external debt was reduced by $23 million up to February this year.

The ratio of public external debt to gross domestic product (GDP) was 29.8%, 1% lower than at the end of 2018 (30.8%), thus indicating the sustainability of public external debt in the medium and long term, since it remains below the prudential limit recommended by the World Bank, informed the Central Bank of Honduras.

Honduras: External Debt Up 3% in 2018

March 2019

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.

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).

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