Brazil’s Foreign Debt Falls US$ 9.7 Billion. It’s Still US$ 183 Bi.

Brazil’s foreign debt closed out the month of August at US$ 182.62 billion, down US$ 9.7 billion from June, reports the Brazilian Central Bank.

The reduction came with the payment by the government of US$ 2.5 billion in Euro-2005 and Global-2005 bonus bonds, and an advance payment of US$ 5 billion to the International Monetary Fund. The private sector also paid down debts totalling US$ 2.1 billion in the same period.

In August, Brazil’s debt profile was as follows: US$ 164.8 billion (down from US$ 174.5 billion in June) in medium- and long-term debt, and US$ 16.7 billion in short-term.

Meanwhile, foreign reserves rose to US$ 60.2 billion.

ABr

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