Nevertheless, part of that debt of 800 million dollars that had to be settled in January was repurchased by the Salvadoran State in two operations carried out in the second half of 2022 in order to reduce the amount of payment. In these operations, El Salvador repurchased debt for almost 200 million dollars.
According to figures from the Ministry of Finance, El Salvador had to pay some 604.1 million dollars in capital for the bonds due in January, plus some 23 million in interest.
The president recalled that last year the “media” criticized his government for its “bet” on bitcoin, which has been legally tender on a par with the dollar since September 2021, because as a result “El Salvador was going to stop paying your debt” in January.
Meanwhile, the Minister of Finance, Alejandro Zelaya, also referred to the payment of the debt in bonds.
“El Salvador meets its debt obligations”Zelaya pointed out.
El Salvador’s public debt exceeds 80% of its GDP, according to official calculations.
Part of the debt that El Salvador is paying, a part was issued during the governments of the right-wing Nationalist Republican Alliance (1989-2004) and another during the term of leftist President Mauricio Funes (2009-2014).
Source: Ambito
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