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Colombia’s foreign debt reaches 53% of the country’s GDP

RIO DE JANEIRO, BRAZIL – According to statistics from Banco de la República, up to October, the country’s public and private external debt reached US$167.2 billion, which meant an increase of 13.3% over the figure recorded at the close of the same month of 2020, when it was US$147.6 billion, i.e., it increased US$19.6 billion.

Public debt accounted for 59.8% of the total, totaling US$100 billion in October. Of this amount, short-term debt was US$820 million, and long-term debt was US$99.2 billion.

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Likewise, the private external debt was US$67.2 billion, or 40.1% of the total. US$22.4 billion were short-term, and US$44.8 billion were long-term.

Colombia’s foreign debt reaches 53% of the country’s GDP (Photo: internet reproduction)

As a percentage of GDP, public obligations represent 31.7%, an increase compared to September (31.2%). While private liabilities represent 21.3% of the total, their incidence in the GDP increased 0.1 percentage points.

By instruments, in the short and long term, total loans totaled US$93.7 billion, followed by bonds, with US$59 billion; commercial loans, with US$4.2 billion; and other instruments, which totaled US$10.3 billion.

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