Chile’s External Debt Rose to $48bn in 2006

Chile’s foreign debt rose to $47.59bn in 2006, a 5.9% rise on the same period in 2005. The additional $2.66bn of debt comprises $2.23bn of short-term and $426m long-term debt. External debt as a percentage of GDP fell from 37.8% in 2005 to 32.6% in 2006.