Mexico"s debt with the World and Inter-American Development Banks reached 30 billion 179 million dollars at the end of 2018, reported Mexican Secretariat of Finance and Public Credit (SHCP).
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However, it is not the only obligation that the country has. Carlos Urzua, head of the SHCP, confirmed these two creditors concentrate only 14.89 percent of Mexican foreign public debt.
Of the five items that make up the foreign debt of the public sector (with private creditors, multilateral, foreign trade and restructured debts), the amount that Mexico owes to the IDB and the World Bank is the second largest.
The figure is far from the 153,895 billion dollars of bonds that the federal government has placed in the capital market.
That figure represents 81.5 percent of the 202.606 billion dollars of the total external public debt at the end of 2018, which increased 8.2 percent more than a year earlier.
Mexico's debt with the IDB reached 15,230.6 billion dollars last December, representing an annual increase of 5.5 percent. In the same month, 14,949.1 billion dollars were owed to the International Bank for Reconstruction and Development (IBRD), one of the five institutions that make up the World Bank, an amount 0.4 percent higher than that recorded in 2017, the Treasury added.
After this debt with multilateral organizations, the third largest foreign public debt is the foreign trade debt with a total of 6,698.7 billion dollars.
The total external debt of the country, both public and private, reached 316,169.7 billion dollars last year. This is equivalent to the fact that out of every 100 dollars owed by Mexico, 64 correspond to the public sector and 36 to the private sector. ■
A trailing cold front in connection with a low pressure system currently moving east across the Great Lakes toward New England will bring a chance of rain into the eastern U.S. on this first day of November following an exceptionally dry October for this part of the country.