The Central Bank of Nicaragua released its third quarter 2024 report on total external debt (public and private), reporting an outstanding balance of USD 15,729.1 million. Public sector debt accounted for 55.6% (USD 8,751.6 million) and private sector debt for 44.4% (USD 6,977.4 million), with total debt up USD 130.5 million (0.8%) from the previous quarter. Third quarter 2024 disbursements totalled USD 897.7 million, of which 83.5% came from private creditors and 16.5% from official creditors; USD 754.5 million went to the private sector and USD 143.1 million to the public sector. The report also recorded external debt service payments of USD 934.2 million, comprising USD 837.7 million in principal and USD 96.5 million in interest and commissions, with 80.7% paid by the private sector and 19.3% by the public sector. The report highlighted average terms and rates, including an approximately 14-year average maturity for long-term private external debt (six years for non-financial firms and 22 years for financial firms) with a weighted average interest rate of 5.37% (8.15% and 2.52%, respectively). Public external debt showed a contracted weighted average maturity of 21 years, including a 10-year grace period, with an average interest rate of 2.74%.

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