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Guatemala’s foreign Debt Exceeds U.S. $ 5 Billion

Article Summary:

Guatemala’s foreign debt exceeded U.S. $ 5 billion this year. The largest percentage of debt is owed to the United States and to the Central American Bank for Economic Integration (BCIE) who are both owed well over U.S. $ 1 Billion in funds.

Original Article Text From Revista Summa via Google Translate :

Guatemala’s foreign Debt Exceeded U.S. $ 5,000 million

A source at the Ministry of Finance explained that only the Inter-American Development Bank (IDB) is owed U.S. $ 2,192 million, 39% of the total.

Another U.S. $ 1,348 million, 24% of the debt is owed to the International Bank for Reconstruction and Development (IBRD), which belongs to the World Bank (WB). The Central American Bank for Economic Integration (BCIE), Guatemala owes U.S. $ 1,067 million, while the International Fund for Agricultural Development (IFAD) are owed $ 18 million and the Organization of Petroleum Exporting Countries (OPEC) U.S. $ 15.23 million.

According to the ministry of Finance, in eurobonds in the international market Guatemala owes $ 630 million.

The remaining 348.53 million dollars (6.2%) of foreign debt are distributed to agencies in 8 countries and the largest amount, U.S. $ 210 million owed to JICA of Japan.

Link to Original Article:

From Revista Summa

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