Colombia’s external debt at 40% of GDP: report
Colombia’s foreign debt reached $116 billion in October, equivalent to 40% of the country’s GDP, according to a report published Wednesday by the country’s state-run central bank. As of 2015,…
Colombia’s foreign debt reached $116 billion in October, equivalent to 40% of the country’s GDP, according to a report published Wednesday by the country’s state-run central bank. As of 2015,…
Due to a weak peso and falling oil revenue, Colombia’s external debt has grown to more than one third of the country’s entire Gross Domestic Product.
Some 65% of Colombian households claim that one or more of their family members are in debt, the highest percentage in Latin America, according to local media.
The external debt burden on Colombia rose 15.6% in the first half of 2014 compared to the same time last year, growing as much as 24.4% of the country’s GDP.
International credit ratings agency’s Moody’s has rated Colombia’s government bond rating higher than at any time in history, putting it on par with economic powerhouse Brazil, according to media reports…
The Colombian government is looking to issue bonds with a 100-year duration, capitalizing on strong long-term economic outlook to finance the ongoing deficit, Colombia’s finance minister reported in US news-wire…
Colombia’s government to issue more bonds to fund a higher-than-predicted fiscal deficit in the national budget, reported international news-wire, Reuters, on Monday.
Colombia’s central bank announced on Monday that as of October last year the nation’s external debt has reached $90.4 billion, or 24% of the country’s Gross Domestic Product (GDP).
Spanish telecommunications operator Telefonica plans to sell off its Colombia stakes to finance its debt, reported the Financial Times on Wednesday.