Projects
Government Bodies
Flag Friday, 26 April 2024
All news
All news
Economy
31 August 2016, 13:05

Belarus' external state debt up 6.8% to $13.3bn in January-July

MINSK, 31 August (BelTA) – As of 1 August 2016 Belarus' external state debt totaled $13.3 billion, up by $847 million or 6.8% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry told BelTA.

In January-July 2016 external state borrowings totaled $1.3 billion, including $800 million borrowed from the Eurasian Fund for Stabilization and Development (EFSD), $276.9 million from the Russian government and banks, $179.5 million from Chinese banks, $46.6 million from the International Bank for Reconstruction and Development, and $0.4 million from the European Bank for Reconstruction and Development (EBRD).

Since the beginning of the year Belarus has spent $525.8 million to repay the external state debt, including $176.6 million paid to the EFSD, $162.5 million to the Russian government, $165.6 million to Chinese banks, $20.4 million to the International Bank for Reconstruction and Development, and $0.7 million to the USA.

The internal state debt amounted to Br9.4 billion as of 1 August 2016. Taking into account differences in currency exchange rates, the internal state debt decreased by Br0.4 billion or 3.8% since the beginning of the year.

In January-July 2016 the Belarus government sold $670.1 million and Br493.1 million worth of domestic government bonds nominated in foreign currencies and Belarusian rubles to corporations and individuals. The government redeemed $1.1 billion and Br596.2 million worth of government bonds from individuals and corporations.

As of 1 August 2016 Belarus' state debt stood at Br35.9 billion, up Br3 billion or 9.3% since the beginning of the year.

Subscribe to us
Twitter
Recent news from Belarus