NewsWhore
07-17-2007, 05:30 PM
According to Listin Diario, in absolute terms the Dominican Republic's foreign debt stands at US$7,640.7 million, up from US$7,266.1 million in 2006. The International Monetary Fund established a US$410 million ceiling for borrowing in 2007. According to the Ministry of Hacienda, the foreign debt in 2006 was 26.3% of the Gross Domestic Product. Estimates for 2007 are that at year's end it will be 22.4% of the GDP.
Listin Diario points that other reports indicate that the foreign debt has increased by US$6 billion since the end of the Mejia administration, in August 2004. Government figures indicate that the public sector debt reached US$8.421.2 million as of March 2007, equivalent to 25.65% of the GDP. Of that total, US$7.283.73 million correspond to foreign debt and US$1,137.50 to internal debt (Treasury Bonds of laws 104-99, 172-03, 119-05, 120-05 and 121-05 and Treasury certificates).
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Listin Diario points that other reports indicate that the foreign debt has increased by US$6 billion since the end of the Mejia administration, in August 2004. Government figures indicate that the public sector debt reached US$8.421.2 million as of March 2007, equivalent to 25.65% of the GDP. Of that total, US$7.283.73 million correspond to foreign debt and US$1,137.50 to internal debt (Treasury Bonds of laws 104-99, 172-03, 119-05, 120-05 and 121-05 and Treasury certificates).
More... (http://www.dr1.com/index.html#2)