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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