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30 November 2017, 18:17

Belarus' external state debt up 21.4% to $16.6bn in January-October

MINSK, 30 November (BelTA) – As of 1 November 2017, Belarus' external state debt totaled $16.6 billion, up by $2.9 billion or 21.4% from the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-October 2017, external state borrowings totaled $3.7 billion, including $1.4 billion in eurobonds, $1.15 billion borrowed from the Russian government and banks, $800 million from the Eurasian Fund for Stabilization and Development (EFSD), $214.6 million from Chinese banks, $132.5 million from the International Bank for Reconstruction and Development (IBRD), and $4.8 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-October 2017, Belarus spent $849.5 million to repay the external state debt, including $301.8 million paid to the Russian government, $264.8 million to the EFSD, $221.3 million to Chinese banks, $60.4 million to the IBRD, $0.7 million to the USA, and $0.5 million to the EBRD and NIB.

As of 1 November 2017, Belarus' state debt totaled Br41.9 billion, up by Br4.9 billion or 13.3% from 1 January 2017.

The internal state debt amounted to Br9.2 billion as of 1 November 2017. Taking into account differences in currency exchange rates, the internal state debt decreased by Br1 billion or 10.1% from the beginning of the year.

In January-October 2017, the Belarusian government sold $418.1 million worth of domestic government bonds nominated in foreign currencies to corporations and individuals and redeemed $1.094 billion and Br186.3 million worth of domestic government bonds nominated in foreign currencies and Belarusian rubles from individuals.

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