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LatinNews Daily - 24 November 2020

In brief: Honduras’s foreign public debt rises

* Honduras’s central bank (BCH) has released a new report which shows the government’s foreign public debt as of end September was US$9bn, up from US$7.7bn registered at the end of December 2019. Of the total, 59.7% corresponds to debt owed to multilateral organisations, including US$2.5bn to the Inter-American Development Bank (IDB) and US$1.26bn to the Central American bank for economic integration (BCIE). According to the report, between January and September 2020, the government contracted US$1.34bn worth of debt and the BCH, US$576.2m, to total US$1.93bn of public sector debt. Of the new debt, US$600m stems from the issuance of sovereign bonds on the international capital market, US$376.2m with the International Monetary Fund (IMF), US$389.4m with the BCIE, US$322 with the IDB, and US$244m with the World Bank’s International Development Association (IDA).

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