Macroeconomy/Finance

CEDLA proposes suspending $822 mn in foreign debt service

The Center of Studies for Labor and Agrarian Development (CEDLA), proposes the suspension of the payment of the service of the foreign debt, this would allow releasing $822 million, which according to the Central Bank of Bolivia projected to cancel the creditors ($454 million capital and $367 million of interests). The suspension would strengthen public spending. Other analyses warn that this would bring a reduction in the country’s risk rating at the level of insolvency, and would impede access to external financing, significantly limiting the attraction of foreign investment.

Source: Página Siete