The national debt would reach its maximum limit in 2023 when it reaches 68% of GDP, and from there it would stabilize. This was confirmed by Melvin Quirós, director of public credit, during the presentation of the country’s Debt Plan for the second half of the year.
Quirós commented that from that year on, the national debt would begin to fall until 2035 approximately, whwn it is below 50% of production again.
The needs of the government remain high, and basically the debt will continue to grow due to the payment of credit interest,”
explained Quirós.
The director of credit stressed the importance of having Eurobonds financing for $1.5 billion and another $850 million from two multilateral loans with the Inter-American Development Bank and the Andean Development Corporation.
All Treasury shares are focusing on extending their closest debt maturities as much as possible.