Honduras: Foreign Debt Still Down

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.

Tuesday, November 26, 2019

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. This behavior is derived from a net amortization of US$59.5 million (disbursements received for US$149.5 million lower to the principal payments of US$209.0 million), added to a favorable exchange variation that reduced the balance by US$33.4 million (product of the appreciation of the dollar against other currencies).

Up to September 2019, the Public External Debt/Gross Domestic Product (GDP) balance ratio was at 29.2%, lower by 1.6 percentage points (pp) to that of December 2018 (30.8%), thus 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 debtor type, US$6,918.0 million corresponds to the General Government, US$275.1 million to the Non-Financial Public Enterprises, US$64.3 million to the Monetary Authority and US$27.6 million to the Financial Public Institutions. The composition per type of currency indicates that 83.5% (US$6,081.2 million) of the balance of public external debt was contracted in US dollars, followed by the Special Drawing Rights (SDR) with 11.5% (US$838.6 million), in Euros 3.6% (US$259.9 million) and 1.4% (US$105.3 million) in other currencies.

See full report (in Spanish).

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