Аўторак, 8 верасня 2020
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Economy
31 August 2020, 11:27

Belarus' external state debt up 3.7% to $17.8bn in January-July 2020

MINSK, 31 August (BelTA) – As of 1 August 2020, Belarus' external state debt totaled $17.8 billion, up by $0.6 billion or 3.7% from the start of 2020 (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-July 2020, the Belarusian government borrowed $1,840 million abroad, including $1,391.5 million of bonds floated on foreign financial markets, $370.3 million from the Russian government and banks, $51.1 million from the Export–Import Bank of China, $21.2 million from the International Bank for Reconstruction and Development (IBRD), and $5.9 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-July 2020, Belarus spent $1,049.3 million to repay the external state debt, including $428.9 million to the Russian government and banks, $387 million to Chinese banks, $176.6 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 August 2020, Belarus' state debt totaled Br53.1 billion, up by Br8.3 billion, or 18.6%, from the beginning of the year.

The internal state debt amounted to Br9.8 billion as of 1 August. Taking into account differences in currency exchange rates, the internal state debt went up by Br1 billion or 11.8% from the start of the year.

In January-July 2020, the Belarusian government sold $210 million and Br200 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $360.4 million and Br161.2 million of government bonds nominated in foreign and national currencies from corporations and individuals.

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