Dec 4, 2011

Brazil: External Debt II

Currently, the gross external debt of Brazil is close to USD 300 billion. However, due to the high volume of international reserves, Brazil is a net creditor in USD 65 billion, as we see in the chart below. As we saw in the post of the day 03.Dec.2011, the volume of international reserves is higher than the gross debt, however, gross debt has been increasing, especially in the last five years, when it rose about USD 100 billion.

Source: Central Bank of Brazil

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