The BBC's surprise for the growth of Argentina's external debt



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global debt bbc argentine

"The country has reached a public debt of 77.4% of gross domestic product (GDP) in the third quarter of 2018", Emphasizes the portal on data provided by" the preliminary overview of the economies of Latin America and the Caribbean "of the Economic Commission for Latin America and the Caribbean (CEPAL).

The note warns that this percentage of the debt "includes the first disbursement of the loan of the International Monetary Fund (IMF), of 15 000 million US dollars, last June". He also warns that the figure will increase as the agency continues to disburse.

The article also highlights the escalation of last year, namely that in 2017, the debt was 56.6% of GDP.

Among the causes highlighted by the British media, there is the strong devaluation. In this sense, he quotes the chairman of Invecq Argentina's economic consultant, Esteban Domecq, as saying that this "implied a very significant reduction in GDP expressed in dollars, from $ 560 million in 2017 to a GDP of Order of U 322 billion in 2018. "

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