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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Honduras: External Debt Increases to 2%

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From the Central Bank of Honduras report:

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From the Central Bank of Honduras report:

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