Debt management
Dec 06, 2019
4 minutes
The current debt structure should be reorganized. It is currently split between debt in local currency and debt in foreign currencies, mostly US Dollars. The lenders in USD are mostly resident and non-resident nationals investing in Eurobonds directly or through institutions. There is also debt owed directly by the government to foreign parties.
The Foreign Currency Debt/GDP is 60 percent.
The net public debt amounts to $77 billion, which represents the gross public debt minus the equivalent of $9 billion cash held in deposits by the State in various accounts.
CANCEL OUT DEBT OWED BY THE STATE TO THE STATE
You’re reading a preview, subscribe to read more.
Start your free 30 days