PORT LOUIS Feb 19 (Reuters) - The Bank of Mauritius said on Friday it expects the Indian Ocean island's external debt to rise this year as the government increases foreign borrowing.
'Total external debt as a percentage of GDP went up from 9.9 percent as at end-June 2009 to 12.3 percent as at end-December 2009 and is estimated at 13.2 percent as at end-December 2010 -- reflecting increased recourse by government to foreign borrowing to finance its budget deficit,' the central bank said in a report on Friday.
(Reporting by Jean Paul Arouff; Editing by David Clarke) Keywords: MAURITIUS DEBT/ (Email: nairobi.newsroom@reuters.com; tel: +254 20 222 4717) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'Total external debt as a percentage of GDP went up from 9.9 percent as at end-June 2009 to 12.3 percent as at end-December 2009 and is estimated at 13.2 percent as at end-December 2010 -- reflecting increased recourse by government to foreign borrowing to finance its budget deficit,' the central bank said in a report on Friday.
(Reporting by Jean Paul Arouff; Editing by David Clarke) Keywords: MAURITIUS DEBT/ (Email: nairobi.newsroom@reuters.com; tel: +254 20 222 4717) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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