Country risk is any risk inherent to investments and financing in a country compared to another.

The economist expressed that the short term debt has not stopped increasing in the last weeks, specifically due to the issuance of the Certificados de la Tesorería de la Federación (CETES).

In addition, he shared an image of a report made by FUSADES, the short term public debt reached a historical maximum in november 2021 of US$2,688.6 million.

He also indicated that this is the maturity schedule until november 2022, very complicated just when a Eurobond of US$800 million matures in january 2023.

According to data provided by FUSADES and the Banco Central de Reserva (BCR), the Treasury Bills (LETES) are due to mature on december 7, 2021 and december 18, 2021 with US$1,367.613 million and the CETES with US$1,434.807 million.

Eurobonds are international public debt securities issued in a currency other than the currency of the country in which they are traded, not subject to the jurisdiction of any specific country and whose interest is net, as they are tax and withholding tax free.

That is why the bond maturing in 2023 has a yield-interest rate of 24.086%, reflecting the high risk, and that few want to buy it.