Economy & Business - August 2023

NICARAGUA | Central bank claims drop in foreign debt. In July, Nicaragua’s central bank (BCN) released new figures which show total foreign debt (public and private) for the first quarter of 2023 at US$14.83bn, of which 55.4% corresponded to public sector debt and 44.6% to private sector debt. It said that total foreign debt was down by US$78.8m compared with the same quarter in 2022. According to the BCN, this was mainly explained by a US$172.8m drop in foreign private sector debt which was counteracted by a US$93.3m rise in public sector foreign debt. Nicaragua’s total foreign debt (public and private) reached US$14.90bn in 2022, up 2.0% (US$296.8m) on 2021.

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