Satisfied with the results obtained with the first issuance of the Eurobonds, the Ministry of Finance is already ready to ask the legislators to authorize future issues.
The presentation of the text would take place next December, at the beginning of the new special session of the Congress.
The Director of Public Credit, Melvin Quirós, said that more debt issues in international markets are necessary to maintain national macroeconomic stability.
According to Quirós, the peace of the domestic market is important and it is easier to reach that state through placements in the international market that prevent the government from going to the local market in search of financing, which pushes interest rates higher.
The interim finance minister, Rodolfo Cordero, reaffirmed that after the tour to place the Eurobonds, the Treasury believes it is transcendental to have a debt plan that makes the issues more attractive to investors.
The government is now getting ready to start a new negotiation with the legislators to obtain authorization for the remaining $4.5 billion.
Regarding the use of the resources collected, the Treasury indicated that it will be used to change short-term debt for long-term debt, to pay debt interest and to exchange local debt for debt placed abroad at a lower interest rate.