Nicaragua’s public debt stands at $ 7,142.9 million, or 56.6% of GDP

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Managua, Aug. 22 (EFE) .- Nicaragua’s external public debt balance stood at $ 7,142.9 million last June, or 56.6 percent of gross domestic product (GDP), authorities reported today. Sunday.

The amount reveals a net increase of $ 19.8 million from the previous month, when it reached $ 7,123.1 million, the Central Bank of Nicaragua said in a report.

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

According to the report, of Nicaragua’s total external public debt up to June, $ 5,255 million (73.6%) corresponds to the debt owed to multilateral creditors, $ 1,837.7 million (25.7%) with bilateral creditors and $ 50.2 million (0.7%) with private creditors.

External public debt service paid in June was $ 183.9 million, of which $ 160.7 million corresponded to payments of obligations to multilateral creditors, mainly to the Central American Bank for Economic Integration (91, 8 million), the Inter-American Development Bank (43.8 million) and the World Bank (11.7 million), according to reports.

Of the total services paid, $ 127 million was for principal payments and $ 56.9 million in interest and commissions, the issuer said.

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

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

(c) EFE Agency

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