Panama
Presidential Election Enters
Final Phase
Nearly 8,000 Jobs Lost in Nicaragua Textile
Industry
Hondurans Risk Swine
Flu for May Day March
Guatemala Debt at 22
percent GDP
Guatemala
Debt at 22 percent GDP
Guatemala - The
Bank of Guatemala (BANGUAT) has over $4.3
billion in foreign debt, or 22 per cent its
2009 Gross Domestic Product (GDP). BANGUAT
President Maria Antonieta del Cid says that
stands for 57.1 per cent the fiscal deficit
calculated for 2009.
A sizable part of the debt, some $225
million, will be covered with bonds from the
Treasury but Congress has not approved the
transaction.
If Congress opposes, Guatemala must either
cut expenses or use government funds and
BANGUAT only has a little over $1.2 million
in deposits.
The Central Bank president says Guatemala's
is the smallest foreign debt in Central
America after El Salvador 37.1 percent of
the GDP, Honduras 22.3, Nicaragua 71.1 and
Costa Rica 39.3. |
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