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Central America's debt grows five times faster

Friday, June 21, 2013

The Central American countries' total debt has been growing at a rate five times faster than each country's production, according to data from the Central American Integration System.

Public spending for the region reached $25.7 billion in 2012, almost 7 percent more than in 2011.

Economist Guillermo Matamoros suggests the problem comes from the global financial crisis, which continues to affect economies such as the United States, one of the region's main trade partners.

Full story (in Spanish)