If President Mejia gets his way and the government places the sovereign bonds this year, the PRD government would be increasing the nation’s foreign debt 35% this year, says El Siglo. The paper quotes PLD secretary General Reinaldo Pared Perez referring to the passage of US$719 million by the Senate and the US$500 million for the sovereign bonds pending in the Chamber of Deputies. Pared said the PRD has done so in complicity with the block of PRSC legislators in the Chamber of Deputies. In contrast, he said the PLD reduced the foreign debt by US$260 million in its four years in government (1996-2000).
