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30 June 2020, 12:24

Belarus' external state debt down 2% in January-May 2020

An archive photo
An archive photo

MINSK, 30 June (BelTA) – As of 1 June 2020, Belarus' external state debt totaled $16.8 billion, down by $0.3 billion or 2% from the beginning of 2020 (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-May 2020, the Belarusian government borrowed $449.3 million abroad, including $250.1 million from the Russian government and banks, $141.5 million were bonds floated on foreign financial markets, $41.4 million was borrowed from the Export-Import Bank of China, $10.6 million from the International Bank for Reconstruction and Development (IBRD), and $5.7 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-May 2020, Belarus spent $643.6 million to repay the external state debt, including $289.1 million to the Russian government, $209.4 million to Chinese banks, $88.3 million to the Eurasian Fund for Stabilization and Development (EFSD), $54.8 million to the IBRD, $1.3 million to the EBRD and NIB, and $0.7 million to the U.S. Commodity Credit Corporation.

As of 1 June 2020, Belarus' state debt totaled Br49.9 billion, up by Br5.1 billion, or 11.4%, from the beginning of the year.

The internal state debt amounted to Br9.4 billion as of 1 June. Taking into account differences in currency exchange rates, the internal state debt went up by Br0.7 billion or 7.6% from the beginning of the year.

In January-May 2020, the Belarusian government sold $208.9 million worth of domestic government bonds nominated in foreign currencies to individuals and corporations and redeemed $307.4 million and Br161.2 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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