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Economy
30 November 2021, 11:51

Belarus' external state debt down by 1.6% to $18.3bn in January-October

MINSK, 30 November (BelTA) – As of 1 November 2021 Belarus' external state debt totaled $18.3 billion, down by $0.3 billion or 1.6% since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-October 2021 the Belarusian government borrowed the equivalent of $1,065.5 million, including $857.1 million from the Russian government, $163.5 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 $10million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January- October 2021 Belarus spent $1,451.1 million to repay the external state debt, including $638.8 million to the Russian government and Russian banks, $406.9 million to Chinese banks, $276.6 million to the Eurasian Fund for Stabilization and Development (EFSD), $121.6 million to the IBRD, $6.5 million to the EBRD and the NIB, and $0.7 million to the U.S. Commodity Credit Corporation.

As of 1 November 2021 Belarus' state debt totaled Br55.3 billion, down by Br2.5 billion or 4.3% since the beginning of the year.

The internal state debt amounted to Br11 billion as of 1 November. Taking into account differences in currency exchange rates, the internal state debt rose by Br1.2 billion or 11.8% since the beginning of the year.

In January-October 2021 the Belarusian government sold $937.5 million and Br191 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $198.9 million and Br145 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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