Nicaragua: Public Debt Increases to 3%

As of August 2019, the balance of the country's public external debt reached $6,116 million, 3% higher than the amount reported at the close of 2018.

Wednesday, December 4, 2019

Between December 2018 and August 2019, the ratio of debt to GDP also increased, from 45.4% to 49.3%, according to the most recent report by the Nicaraguan Foundation for Economic and Social Development (Funides).

The document states that "... In particular, this increase corresponds to new indebtedness of the Central Government for $186 million, which was offset by reductions in the debt balance of both the NCB and the Rest of the Non-Financial Public Sector of $16 million and $3 million, respectively.

By debtor type, at the close of August 2019, the Central Government concentrated 71.1% of the debt balance, while the NCB maintains 28.1%, and 0.8% is the responsibility of the Rest of the Non-Financial Public Sector. By creditor, the public external debt at the end of August 2019 is divided as follows: multilateral (70%), bilateral (29.1%) and others (0.9%).
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Download full Funides report (in Spanish).

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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.

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.

Honduras: External Debt Increases to 2%

September 2019

Up to July 2019, the external debt of the public sector reached $7.310 million, a figure 2% higher than that reported in the same month of 2018.

From the Central Bank of Honduras report:

The public sector external debt balance was US$7,310.2 million at the end of July 2019, US$67.7 million less than at the end of 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.

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