The Central Bank of Nicaragua published its report on total external debt (public and private) for the first quarter of 2025, reporting an outstanding balance of USD 15,778.9 million. Public-sector debt accounted for 55.1% (USD 8,694.9 million) and private-sector debt for 44.9% (USD 7,084.1 million). By creditor type, 44.1% of external debt was owed to official multilateral creditors, 31.3% to official bilateral creditors, and 24.6% to commercial banks, suppliers and others. Total external debt fell by USD 3.2 million (-0.02%) versus December 2024, reflecting a USD 40.3 million decline in private external debt and a USD 37.2 million increase in public external debt. Quarterly disbursements totalled USD 749.6 million (85.7% from private creditors), with USD 642.1 million directed to the private sector and USD 107.5 million to the public sector; the main uses were electricity, gas and water (31.9%) and trade (27.8%). External debt service in the quarter was USD 903.9 million, comprising USD 783.6 million in principal and USD 120.4 million in interest and commissions, with 78.2% paid by the private sector; average terms reported were 14 years and 5.26% for private long-term debt and 21 years (including 10 years’ grace) and 2.78% for public external debt.