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30 September 2020, 14:55

Belarus' external state debt 3.6% up to $17.7bn in January-August 2020

MINSK, 30 September (BelTA) – As of 1 September 2020 Belarus' external state debt totaled $17.7 billion, up by $0.6 billion or 3.6% since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-August 2020 the Belarusian government borrowed $1,921.2 million abroad, including $1,391.5 million as bonds floated on foreign financial markets, $429.2 million from the Russian government and banks, $56.2 million from the Export–Import Bank of China, $38.1 million from the International Bank for Reconstruction and Development (IBRD), and $6.2 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-August 2020 Belarus spent $1,165.6 million to repay the external state debt, including $533.3 million to the Russian government and banks, $387.1 million to Chinese banks, $176.6 million to the Eurasian Fund for Stabilization and Development (EFSD), $66.6 million to the IBRD, $1.3 million to the EBRD and the NIB, and $0.7 million to the U.S. Commodity Credit Corporation.

As of 1 September 2020 Belarus' state debt totaled Br57.8 billion, up by Br13 billion or 29.1% since the beginning of the year.

The internal state debt amounted to Br10.6 billion as of 1 September. Taking into account differences in currency exchange rates, the internal state debt went up by Br1.8 billion or 20.6% since the beginning of the year.

In January-August 2020 the Belarusian government sold $294.1 million and Br200 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $466.4 million and Br161.2 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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