The external debt of the private sector as of September 30, 2005 totaled US$
49,525 million, of which US$44,370 million (90%) corresponded to the non-financial private
sector (NFPS) and US$5,155 million (10%) to the private financial
sector (SPF).
̧ External debts declared at the end of September implied a
net decrease of US$ 2,592 million in the quarter, which raised to US$ 28,420
million the net fall since December 2001. The stock of total external
debt of the private sector at the end of September represented approximately
64% of the debt at the beginning of the series.
̧ The decrease in the third quarter of US$ 2,393 million (5%) in the external liabilities
of the NFPS was associated with the implementation of
liability restructuring agreements that meant a reduction of US$ 1,600
million in external debt, and with the fall in debt for export financing
.
̧ The net flow of export financing registered a strong reversal
with respect to the behavior shown in the previous period, due both to
seasonal factors and to the adaptation of exporters to the new
foreign exchange regulations on advances and export pre-financing
loans.
̧ Financial fresh funds received by NFPS amounted to US$ 734
million in the third quarter of 2005, which represented the highest in the series.
It should be noted that although this maximum was reached within the framework of the
provisions of Decree PEN 616/05, most of the
funds received corresponded to operations legally exempted
from the constitution of the 30% deposit.
̧ The financial sector’s external obligations showed a reduction of
US$ 199 million during the third quarter of 2005, mainly explained
by net cancellations of financial debts (US$ 105 million)
̧ Private entities with national capital accounted for 58% of the external debt
of the financial sector at the end of September, while
entities with foreign capital totaled 27% and public entities the remaining 15%.
