|Balance of Payments
Exportations and Importations
The global external public debt refers to all the short, medium and long term financial commitments acquired by the Dominican Republic. These are foreign loans and deposits that represent obligations that must be honored by the public sector. The external debt has both official and private components. The official debt refers to the commitments with multilateral and bilateral entities, while the private debt refers to the commercial bank debt.
According to a statistic from the Central Bank (BCRD), by June 2009, the public external debt had risen to $7.14 billion, which represents a rise of approximately $97.2 million compared to the 2008 statistic, which was $7.23 billion.
With regard to service payments on the external public debt, the country has fully complied with agreements on the restructured bilateral debt with its creditors, the Paris Club (2004 and 2005), or with the London Club, among others.
Likewise, during the first six months of 2009, payment of the obligations rose to $1.022 billion, a 49% increase from the prior year. This created a net flow and negative net transfers. Of the total paid to service the public debt during the period of 2009, 81.9% was used to cover the next-to-last payment of the Investment Development Program Bonds and 18.1% went to cover the financial costs of these external obligations.