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29 July 2016, 11:21

Belarus' external state debt up 5.1% to reach $13.1bn in January-July

MINSK, 29 July (BelTA) – As of 1 July 2016, Belarus' external state debt totaled $13.1 billion, up by $637.1 million or 5.1% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry told BelTA.

In January-June 2016, external state borrowings totaled $943.8 million, including $500 million borrowed from the Eurasian Fund for Stabilization and Development (EFSD), $239.2 million from the Russian government and banks, $162.6 million from Chinese banks, $41.6 million from the International Bank for Reconstruction and Development and $0.4 million from the European Bank for Reconstruction and Development.

Since the beginning of the year, Belarus has spent $415.3 million to repay the external state debt, including $176.6 million paid to the EFSD, $150 million to the Russian government, $67.6 million to Chinese banks, $20.4 million to the International Bank for Reconstruction and Development, and $0.7 million to the United States.

The internal state debt amounted to Br96.7 trillion (before the redenomination) as of 1 July 2016. Taking into account differences in currency exchange rates, the internal state debt decreased by Br0.7 trillion or 0.7% since the beginning of the year.

In January-June 2016, the Belarus government sold $663.9 million and Br4.9 trillion worth of domestic government bonds nominated in foreign currencies and Belarusian rubles to corporations and individuals. The government redeemed $1.1 billion and Br4.7 trillion worth of government bonds from individuals and corporations.

As of 1 July 2016, Belarus' state debt stood at Br359.1 trillion, up Br30.6 trillion or 9.3% since the beginning of the year.

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