– to rise to US$2.8b at end of year
The government’s mid-year review says that Guyana’s external debt was US$1.9b at the end of June this year.
The review however said Guyana’s public debt remains sustainable, “being subject to moderate risk of debt distress”. This position, it said, is underpinned by Government’s continued focus on contracting development financing within prudent cost and risk parameters. At the end of the first half of this year, Guyana’s stock of Total Public and Publicly Guaranteed (PPG) debt amounted to US$5,063.3 million, reflecting positive net flows from both external and domestic creditors.
External PPG debt totalled US$1,924.2 million at the end of June.