The Ministry of Hacienda announced the renegotiating of the payment of the nation’s debt service. The renegotiation reduces the obligations by US$1.23 billion for the period 2021-2025. The government negotiated a reduction in interest payments and extended the payment terms for its portfolio of bonds in international markets.
The operation is giving the government a breather. The Ministry of Hacienda says that for 2021, it will now have to pay US$427 million less. The cash will then be available for vital public works.
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El Dia
9 December 2020