Saturday, December 9, 2023

Logo Central America Link

Region's debt reaching alarming levels, study finds

Monday, December 9, 2013

Several Central American countries' debt is reaching dangerous levels amid a slow global economy which is likely to continue through 2014, a study by the Central American Institute for Fiscal Studies, Icefi, showed.

Panama and Nicaragua are the only countries in the region with sustainable debts, while El Salvador, Honduras and Costa Rica's are on "yellow alert".

El Salvador is the country with the largest debt, which accounts for 50 percent of gross domestic product.

Full story (in Spanish)