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New analysis on debt in Latin America

11 March 2010

The Latin American Network on Debt and Development (Latindadd) has produced a report analysing debt in Latin American countries between March 2009 and January 2010.

Main findings

The total amount of debt accumulated by Latindadd member countries between March and December 2009 was approximately 66.9 billion dollars. Of this amount, Colombia owes approximately 42%, and in second place Brazil owes 27%. Together their debts constitute 69% of the total amount. The debts of all the other countries in the region together make up the remaining 31% of the debt approximately.

Types of debt

Financing has been broken down in to two types of debt- lending and grants:

·         Lending represents 99.9% of financing to the countries studied.

·         In January 2010 specifically, lending represented 99.98% of financing, while grants constituted 0.02%. Recipient countries of loans were Argentina, Brazil and Peru.

Creditors

The country that received the most financing from International Financial Institutions in January was Brazil, which received about 190 million dollars.

The World Bank was the biggest creditor in terms of new financing, as in January about 99.98% of total financing was approved by the Bank.

Sectors of spending

Approximately 99.88% of the resources spent by financial institutions has been spent on transport and water security and sanitation. In January, transport constituted 61.15%, while water security and sanitation constituted 38.73%.

Read the full analysis (Spanish)