Nicaragua: External Debt Grows at 3%

At the eighth month of the year, the balance of the country's public external debt totaled $6,116 million, 3% higher than that reported at the end of 2018.

Monday, September 30, 2019

Of the total public external debt, 70% corresponds to debt with multilateral creditors and 29% to bilateral creditors, reported the Central Bank of Nicaragua on September 27.

The statement notes that "... According to these statistics, the public external debt balance as of August 31, 2019 was 6,116.3 million dollars, which represented a 26.1 million dollar increase with respect to the balance registered in the previous month (US$6,090.2 million). Compared to the balance to December 2018 (US$5,949.6 million), this represented an increase of US$166.7 million, as a result of external loan disbursements of US$314.4 million, mainly from multilateral institutions (US$269.6 million), principal payments of contracted debt of US$132.3 million, in addition to the effect of variations of international currencies regarding the US dollar.

The accumulated public external debt service up to August 31, 2019 was 213.7 million dollars, of which 89.8 percent (US$191.9 million) corresponded to payments of obligations with multilateral creditors, being the Central American Bank for Economic Integration and the Inter-American Development Bank the largest with 108.4 and 55.5 million dollars, respectively. Of the total service paid, 61.9 percent (US$132.3 million) corresponded to principal payments and the rest (US$81.4 million) was in interest payments.
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More on this topic

Honduras: Foreign Debt Declines

October 2019

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.

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.

External Debt at the End of the 1st Semester

August 2019

At the end of June 2019, Nicaragua's public external debt reached $6.057 million, an increase of $107 million over December 2018.

From the Central Bank of Nicaragua statement:

According to official statistics, the balance of public external debt up to June 30, 2019 was of 6,057.0 million dollars, which represented a 46.0-million-dollar increase regarding the balance registered in the previous month (US$6,011.0 million).

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.

Nicaragua: Foreign Debt up to April 2019

May 2019

At the end of the fourth month of 2019, the public external debt reached $6,018 million, which represents a $68 million increase with respect to what was reported in December 2018.

From the Central Bank of Nicaragua report:

According to these statistics, the balance of the public external debt was 6,017.7 million dollars to April 30, 2019, which represented a net increase of 30.1 million dollars regarding the balance registered in the previous month (US$5,987.6 million) and of 68.1 million dollars regarding December 2018 (US$5,949.6 million).

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