NewsWhore
09-01-2010, 03:40 PM
The foreign debt increased by 23.9% in the first half of the year compared to the same period of the year before including US$750 million in sovereign bonds issued by the government last May, reports Diario Libre. According to the Central Bank report on the economy, as of 30 June 2010, the foreign debt is at US$9.98 billion.
Regarding the evolution of the debt service, the Central Bank indicates that the public sector received disbursements of US$1.68 billion. The greater part of these resources came from a bond issue, short-term loans and the Petrocaribe agreement.
Likewise, during the first half of the year, the government met debt obligations for US$979.8 million, some US$41.1 million less than in the same period last year. This can be explained by the value of some currencies or accounting units in which the debt is contracted, basically the Euro.
Of the total paid for service on the foreign debt, US$816.3 million, equal to 83%, went to cover capital liabilities, and the rest, US$163.4 million, equal to 16.4%, was used to cover the financial costs of the obligations.
The report indicates that the non-financial sector honored obligations for US$511 million, which represents a drop of 10.4% from a year ago.
In the meantime, the financial sector honored obligations for US$468.8 million, which is a US$17 million difference from the previous year. The Central Bank reported on its webpage that the economy grew by 7.5% in the first half of the year, reactivated by the construction sector.
See August report at http://www.bancentral.gov.do/publicaciones_economicas2.asp?docu=economia_int-Econom... (http://www.bancentral.gov.do/publicaciones_economicas2.asp?docu=economia_int-Econom%EDa%20Internacional&fecha=2010)
More... (http://www.dr1.com/index.html#2)
Regarding the evolution of the debt service, the Central Bank indicates that the public sector received disbursements of US$1.68 billion. The greater part of these resources came from a bond issue, short-term loans and the Petrocaribe agreement.
Likewise, during the first half of the year, the government met debt obligations for US$979.8 million, some US$41.1 million less than in the same period last year. This can be explained by the value of some currencies or accounting units in which the debt is contracted, basically the Euro.
Of the total paid for service on the foreign debt, US$816.3 million, equal to 83%, went to cover capital liabilities, and the rest, US$163.4 million, equal to 16.4%, was used to cover the financial costs of the obligations.
The report indicates that the non-financial sector honored obligations for US$511 million, which represents a drop of 10.4% from a year ago.
In the meantime, the financial sector honored obligations for US$468.8 million, which is a US$17 million difference from the previous year. The Central Bank reported on its webpage that the economy grew by 7.5% in the first half of the year, reactivated by the construction sector.
See August report at http://www.bancentral.gov.do/publicaciones_economicas2.asp?docu=economia_int-Econom... (http://www.bancentral.gov.do/publicaciones_economicas2.asp?docu=economia_int-Econom%EDa%20Internacional&fecha=2010)
More... (http://www.dr1.com/index.html#2)