Nicaragua’s public debt is 7,142.9 million dollars, 56.6% of GDP

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Managua, Aug 22 (EFE) .- The balance of Nicaragua’s external public debt totaled 7,142.9 million dollars as of last June, 56.6% of the Gross Domestic Product (GDP), the authorities reported this Sunday.

The amount reveals a net increase of 19.8 million dollars compared to the previous month, when it reached 7,123.1 million dollars, indicated the Central Bank of Nicaragua, in a report.

Compared to the balance as of December 2020 ($ 6,956.8 million), last June’s balance increased by $ 186.1 million, as a result of loan disbursements of $ 332.9 million, mainly from multilateral institutions. (320.2 million), and payments of principal of the debt contracted for 127 million, in addition to the effect of the exchange variation of the external debt, explained the monetary entity.

According to the report, of the total external public debt of Nicaragua until June, 5,255 million dollars (73.6%) correspond to debt with multilateral creditors, 1,837.7 million dollars (25.7%) with bilateral creditors, and 50.2 million dollars (0.7%) with private creditors.

The public external debt service paid as of June was 183.9 million dollars, of which 160.7 million corresponded to payments of obligations with multilateral creditors, mainly to the Central American Bank for Economic Integration (91.8 million) , Inter-American Development Bank (43.8 million) and World Bank (11.7 million), according to the information.

Of the total service paid, $ 127 million were for principal payments and $ 56.9 million for interest and commissions, the issuer explained.

According to the report, the ratio of the balance of public external debt to GDP was 56.6%.

Nicaraguan foreign debt (public and private) closed at 12,007.2 million dollars in the first quarter of 2021, which is equivalent to 95.1% of GDP, according to figures from the Central Bank.

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(c) EFE Agency

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