Borrowing abroad...

In each of the last two years, the Mexican private sector's net foreign borrowing exceeded that of the public sector. Last year, the private sector borrowed (net) US$7.96 billion; the public sector borrowed US$5.63 billion. The private sector's total net foreign borrowing in the last two years totaled US$26.89 billion compared to US$19.30 billion for the public sector. Including the central bank's debt repayment reduces the two year public total to $16.08 billion.