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30 June 2021, 13:27

Belarus' external state debt 2.5% down to $18.1bn in January-May

MINSK, 30 June (BelTA) – As of 1 June 2021 Belarus' external state debt totaled $18.1 billion, $0.5 billion or 2.5% down since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-May 2021 the Belarusian government borrowed the equivalent of $194.1 million, including $123.2 million from the Russian government, $55.3 million from the International Bank for Reconstruction and Development (IBRD), $13.7 million from the Export-Import Bank of China, and $1.9 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-May 2021 Belarus spent $700.5 million to repay the external state debt, including $310.2 million to the Russian government and Russian banks, $214.4 million to Chinese banks, $112.1 million to the Eurasian Fund for Stabilization and Development (EFSD), $59.9 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 June 2021 Belarus' state debt totaled Br57.4 billion, Br0.4 billion or 0.7% down since the beginning of the year.

The internal state debt amounted to Br11.5 billion as of 1 June. Taking into account differences in currency exchange rates, the internal state debt went up by Br1.7 billion or 16.8% since the beginning of the year.

In January-May 2021 the Belarusian government sold $729 million and Br137 million worth of domestic government bonds nominated in foreign currencies and the Belarusian ruble to individuals and corporations and redeemed $23 million and Br92.2 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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