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).
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.
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).
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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