LatinNews Daily - 10 July 2023

In brief: Nicaragua’s central bank claims drop in foreign debt

* Nicaragua’s central bank (BCN) has released new figures which show that total foreign debt (public and private) for the first quarter of 2023 was 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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