Projects
Government Bodies
Flag Friday, 29 March 2024
All news
All news
Economy
29 December 2017, 14:27

Belarus' external debt up 21.3% to $16.6bn in January-November 2017

MINSK, 29 December (BelTA) – As of 1 December 2017, Belarus' external debt totaled $16.6 billion, up by $2.9 billion or 21.3% from the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-November 2017, external state borrowings totaled $3.769 billion, including $1.4 billion in eurobonds, $1.194 billion borrowed from the Russian government and banks, $800 million from the Eurasian Fund for Stabilization and Development (EFSD), $227.8 million from Chinese banks, $141.2 million from the International Bank for Reconstruction and Development (IBRD), and $5.6 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-November 2017, Belarus spent $915.2 million to repay the external debt, including $339.3 million paid to the Russian government, $264.8 million to the EFSD, $245.8 million to Chinese banks, $62.1 million to the IBRD, $2.7 million to the USA, and $0.5 million to the EBRD and NIB.

As of 1 December 2017, Belarus' foreign debt totaled Br42.3 billion, up by Br5.3 billion or 14.4% from 1 January 2017.

The internal state debt amounted to Br9.1 billion as of 1 December 2017. Taking into account differences in currency exchange rates, the internal state debt decreased by Br1.1 billion or 11.1% from the beginning of the year.

In January-November 2017, the Belarusian government sold $419.9 million worth of domestic government bonds nominated in foreign currencies to corporations and individuals and redeemed $1.248 billion and Br189.7 million worth of domestic government bonds nominated in foreign currencies and Belarusian rubles from individuals.

Subscribe to us
Twitter
Recent news from Belarus