In a favorable context for access to international financing, private external debt increased by US$ 4,089 million in the third quarter of 2017, totaling a gross passive position of US$ 67,942 million as of September 30.
The increase in the external debt of the private sector was explained both by financial debt, with an increase of US$ 2,817 million (basically due to the increase in the stock of financial loans for US$ 1,727 million and debt securities for US$ 636 million), and by commercial debt, with an increase of US$ 1,272 million.
External debt for advances and pre-financing of exports of goods reached a stock of US$5,564 million as of 30.09.17, with no significant quarterly variation (decrease of US$31 million), although a year-on-year fall of US$640 million was observed, in a context of rising local financing in foreign currency.
In a context of growth in the level of imports of FOB goods, the debt for imports of goods experienced a rise in the third quarter of US$ 1,307 million (accumulating an increase in the first nine months of 2017 of US$ 2,779 million), reaching a stock of US$ 20,319 million as of 30.09.17.
Service liabilities fell by US$ 119 million in the quarter, totaling a position of US$ 8,062 million as of 30.09.17.
Fresh funds totaled US$ 2,944 million in the third quarter of 2017, raised with an average term of around 4.5 years.
The average life of the private sector’s external debt as of September 30, 2017 was 2.32 years.
