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NewsWhore
07-29-2011, 04:30 PM
The Dominican Republic owes 48.4% of the bilateral debt to Venezuela. Accumulated debt under the PetroCaribe oil agreement now adds up to US$2.03 billion, or 48.4% of the country's total bilateral debt, a grand total of US$4.34 billion.

As reported in Listin Diario, this year's oil bill is estimated at US$3.5 billion, which could increase by another one billion if the current fuel prices are maintained.

The bilateral debt with other countries is US$636.9 million with Brazil, US$288.5 million with the United States, US$426.8 million with Spain and US$142.5 million with Japan. Overall debt with other countries is US$739.4 million.

As reported in Listin Diario, the DR public debt is US$14.7 billion, or 28.4% of the Gross Domestic Product (GDP).

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