The IMF approved a two-year agreement in favor of the Central American country under the Precautionary and Liquidity Line for an amount equivalent to $2.7 billion, which will serve as insurance against extreme external shocks derived from the Covid-19 pandemic.
Access to the LPL in the first year will be in an amount equivalent to about $1.35 billion.
In the context of the economic crisis generated by the covid-19 outbreak, the CABEI approved a line of credit that the Panamanian government will use to finance the general state budget and programs for health protection, education and food security.
The Central American Bank for Economic Integration (CABEI) approved $250 million as part of the Development Policy Operations Program (DPO) to the Republic of Panama to financially support the country's economic recovery, the financial agency reported.
The country issued $500 million in the international market with a 12-year term, at a rate of 5.37%, and $700 million in the 30-year term, at an interest rate of 6.13%.
The operation was carried out through the Bank of America (BOFA), one of the most important investment banks in the world, chosen through a competitive process, informed the Public Finance Ministry (Minfin).
Because the Debt/GDP ratio increased from 69.4% to 70.7% between 2018 and 2019, Fitch forecasts that, in the absence of additional fiscal adjustment, the debt burden will continue to grow in the coming years.
A political stalemate leading to the failure of the 2020 budget proposal and the approval of the necessary external financing could lead to pressure on El Salvador's rating (B- / Stable), informed the risk rating agency.
Costa Rican authorities informed that Citi Global Markets and HSBC Global Banking will be the placement banks and financial advisors that will accompany the country in the process of issuance of securities and management of liabilities in the international market.
The issue that will be made at the international level is the one that was approved on July 16 through Bill No.
Although the Legislative Assembly approved the issuance of $1.5 billion of debt in the international market, Fitch Ratings believes that in the coming years there could be renewed uncertainty about the sources of financing for the Costa Rican government.
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.
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).
The Andean Development Corporation approved a $500 million loan for the government, which will be used to "cover the needs contemplated in the 2019 Regular Budget."
The terms of the loan are at 6 months plus a margin of 1.85% at an annual Libor rate of 18 years from the effective date of the loan agreement.
The Ministry of Finance reported that the placement was made through an extraordinary auction of domestic debt securities in the local primary market.
Costa Rican authorities informed that the collection was made through fixed rate securities in dollars with expiration in 2024, 2026 and 2029, and was assigned to 15 different stock exchange positions.
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).
At the end of the first month of 2019, public external debt reached $5.966 million, 7% more than that reported in January 2017, a rise explained by loans granted by multilateral agencies.
The report of the Central Bank of Nicaragua (BCN) "... According to these statistics, public external debt totaled US$5,966.6 million, representing a net increase of US$17.0 million over the previous month.
Driven by the financial commitments of the Central Government and those originated by pensions, the country's public debt increased 3% at the end of 2018, reaching $18.975 million.
Finance Ministry statistics detail that between 2017 and 2018 the public debt that includes credits contracted by the Central Government, its financial and non-financial public companies, as well as the Central Reserve Bank, increased $602 million, from $18.373 million to $18.975 million.
In Costa Rica, the private sector anticipates adverse effects on the export and tourism sector's competitiveness if the Ministry of Finance succeeds in consolidating its plan to issue $6 billion in bonds in the international market over the next six years.
The reaction of the country's export sector comes after the government announced this week that it will ask the Congress for authorization to issue bonds in international markets for at least $5 billion.
The Ministry of Finance reported that $200 million of the bonds placed in the domestic market were "in firm" and another $400 million placed to the best effort.
The Ministry of Finance reported that because of Direct Contracting No. CD-MH-CP-TN-001 -2018 called "Contract for issuance services and distribution of internal debt securities", on November 19th two companies were awarded with a firm issuance of $100 million each.