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30 September 2021, 13:14

Belarus' external state debt 1.5% down to $18.3bn in January-August

MINSK, 30 September (BelTA) – As of 1 September 2021 Belarus' external state debt totaled $18.3 billion, $0.3 billion or 1.5% down since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-August 2021 the Belarusian government borrowed the equivalent of $999.7 million, including $813.6 million from the Russian government and Russian banks, $142.6 million from the International Bank for Reconstruction and Development (IBRD), $20 million from the OPEC International Development Fund, $14.9 million from the Export-Import Bank of China, and $8.6 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-August 2021 Belarus spent $1,271.8 million to repay the external state debt, including $554.5 million to the Russian government and Russian banks, $403.1 million to Chinese banks, $238.5 million to the Eurasian Fund for Stabilization and Development (EFSD), $71.8 million to the IBRD, $3.2 million to the EBRD and the NIB, and $0.7 million to the U.S. Commodity Credit Corporation.

As of 1 September 2021 Belarus' state debt totaled Br57.2 billion, Br0.6 billion or 1.1% down since the beginning of the year.

The internal state debt amounted to Br11.3 billion as of 1 September. Taking into account differences in currency exchange rates, the internal state debt went up by Br1.4 billion or 14.3% since the beginning of the year.

In January-August 2021 the Belarusian government sold $799.7 million and Br191 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $132 million and Br92.2 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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