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10 Oct 2019, Radoslav Yordanov, EMIS Editor

Colombia’s external debt up 6.7% y/y in July

Colombia’s total external debt rose by 6.7% year-on-year in July recording its sharpest increase since February, CEEMarketWatch reported referring to figures released by the c-bank Banco de la Republica.

The hike is mainly explained by private sector debt, which jumped 14% y/y during the month. As a result, private sector’s share of country’s total external debt reached 46%. Public sector debt also climbed 1.2% y/y in July.

With this, Colombia’s total external debt increased to 42.7% of GDP during the month of reference, up 0.2% m/m.

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Original source: CEEMarketWatch