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31 December 2020, 17:00

Belarus' external state debt 5.9% up to $18.2bn in January-November 2020

MINSK, 31 December (BelTA) – As of 1 December 2020 Belarus' external state debt totaled $18.2 billion, $1 billion or 5.9% up since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-November 2020 the Belarusian government borrowed $2,596.4 million abroad, including $1,391.5 million as bonds floated on foreign financial markets, $541 million from the Russian government and banks, $500 million from the Eurasian Fund for Stabilization and Development (EFSD), $91.9 million from the Export–Import Bank of China, $62.5 million from the International Bank for Reconstruction and Development (IBRD), and $9.5 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-November 2020 Belarus spent $1,467.9 million to repay the external state debt, including $655.1 million to the Russian government and banks, $430.3 million to Chinese banks, $264.8 million to the EFSD, $112.3 million to the IBRD, $2.8 million to the EBRD and the NIB, and $2.6 million to the U.S. Commodity Credit Corporation.

As of 1 December 2020 Belarus' state debt totaled Br56.3 billion, Br11.5 billion or 25.6% up since the beginning of the year.

The internal state debt amounted to Br9.4 billion as of 1 December. Taking into account differences in currency exchange rates, the internal state debt went up by Br0.6 billion or 7.4% since the beginning of the year.

In January-November 2020 the Belarusian government sold $307.2 million and Br300 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $854.6 million and Br173.5 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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