Mexico Has Highest Public Debt in Latin America in 2022

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During the first 10 months of 2022, Mexico was the largest public debt underwriter in Latin America and the Caribbean, according to a report released on Monday, Jan. 16, by the Economic Commission for Latin America and the Caribbean (ECLAC).

Mexico placed a total of nine sovereign issues for an amount of $9.471 billion during that time, representing a full 32 percent of the total amount added to the emission of the region’s nations, according to the ECLAC’s “Preliminary Balance of the Economies of Latin America and the Caribbean 2022.”

Coming in at second place was Chile, with a 24 percent share, and in third place, the Dominican Republic, with a 23 percent share.

Altogether, in the region there were 27 sovereign issues that totaled $29.639 billion.

In terms of private debt, the ECLAC document stated that almost 60 percent of all corporate issues in the region came from Brazilian and Mexican companies.

According to the ECLAC, sovereign issuances represented more than half of the total issuance of international debt in the region in the period between January and October 2022.

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