Andean Group - February 2013 (ISSN 1741-4466)

Foreign debt rises: According to the central bank (BCB), Bolivia’s foreign debt reached US$4.3bn last year, up 19% on 2011. Of the total, US$4.2bn is medium to long-term debt. Last year, Bolivia acquired new debt to the tune of US$1.08bn, of which US$521m came from multilateral lenders, US$7.8m from bilateral lenders and US$500m through the issue of sovereign bonds last October – the first time sovereign bond issue in nearly a century [RA-12-11]. As of December 2012, the debt to exports ratio was 4.8% while debt to GDP ratio was 14.9%.

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