Bolivian external debt rose by 10.5%

El Dia reports in hoybolivia.com:

The external debt rose by 10.5%

Screen Shot 2016-05-06 at 8.55.30 AMEl Dia.- The balance of Bolivia’s external debt at the end of year 2015 increased by 10.5% over the previous year, despite of that, its structure remains sustainable, reported yesterday the Central Bank of Bolivia (BCB). “The ratio between the balance and gross domestic product (GDP) reached 19.1% and debt service to exports ratio is 5.5%, which shows a high degree of sustainability over the debt and a margin for new borrowing,” says the official report.

The increase. The recorded balance reached $6,341 million dollars compared to $5,736 million in 2014, an increase of 604 million.

Creditors. Three quarters of Bolivia’s external debt correspond to multilateral sources (essentially CAF and IDB); 11% have bilateral origin, with China being the largest creditor, while the remaining 16% is private debt contracted by the State with the bond issue. In 2015, Bolivia has hired 18 new loans for $1,528 million dollars, designed mainly for public road infrastructure projects, water supply and irrigation and renewable energy, adds the document.

http://hoybolivia.com/Noticia.php?IdNoticia=187399&tit=la_deuda_externa_subi%F3_un_105%

The incompetence of the ruling ochlocracy has resulted in an increasing debt which tries to camouflage the wasted $150 billion dollars of the preceding decade!

 

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