The total external debt of the private sector declared as of June 30, 2006
was US$ 47,417 million, of which US$ 42,816 million (90%)
corresponded to the non-financial private sector (NFPS) and US$ 4,601 million
(10%) to the private financial sector (SPF).
The increase of US$ 130 million recorded by the external obligations of the
NFPS was associated with the increase in all commercial debt concepts
, since financial liabilities decreased by US$ 686 million.
The fresh financial funds received by the NFPS in the second
quarter of 2006 amounted to US$ 755 million, of which US$ 526
million corresponded to disbursements by parent companies and/or subsidiaries, with
an average term of 6.5 years. Gross cancellations of NFPS financial debt amounted to US$
1,102 million. Of this amount, 42% of the total was applied to the pre-cancellation of
operations (US$ 461 million), most of which were financed with new
loans from abroad. Out of a total of US$ 1,168 million of principal maturities of financial debts
, less than 1% were in
default, with the rest of them being cancelled (24%) or refinanced
(75%).
Likewise, the reduction of financial debt was influenced by the global restructuring
of external liabilities for a total value of US$ 1,391 million closed by
a group of companies belonging to the gas and electricity sector, which implied
a reduction of US$ 532 million in the amount owed by them.
