Investor Presentaiton
Government's sizable international reserves and liquidity buffers mitigate
risks to external debt sustainability; dollar credit spreads remain subdued
and clustered among higher-rated Latam peers
Liquidity buffers and short term debt service obligations
(In USD million, as of end-May 2020)
Change in sovereign risk premium since COVID-19 outbreak
(EMBI spread, in bps)
4.000
3.000
Available
redit Lines
from
2.000
Multilaterals
1.000
Liquid
Assets
0
■Foreign Currency
■Local Currency
500
Liquidity buffer
Debt service
over next 12 months
1/ Debt service includes amortization plus interest payments
Source: Debt Management Unit, Ministry of Economy and Finance; Bloomberg
June 16, 2020
400
BRA
PRY
300
COL
URY
PAN
200 CHL
O PER
100
100
200
MEX
300
February 19, 2020
(pre-Covid 19)
400
500
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