Projects
Government Bodies
Flag Wednesday, 24 April 2024
All news
All news
Economy
30 November 2020, 11:33

Belarus' external state debt up by 5.8% up to $18.1bn in January-October 2020

MINSK, 30 November (BelTA) – As of 1 November 2020 Belarus' external state debt totaled $18.1 billion, up by $1 billion or 5.8% since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-October 2020 the Belarusian government borrowed $2,548.9 million abroad, including $1,391.5 million as bonds floated on foreign financial markets, $505 million from the Russian government and banks, $500 million – from the Eurasian Fund for Stabilization and Development (EFSD), $89.7 million from the Export–Import Bank of China, $54.7 million from the International Bank for Reconstruction and Development (IBRD), and $8 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-October 2020 Belarus spent $1,388.2 million to repay the external state debt, including $617.6 million to the Russian government and banks, $390.7 million to Chinese banks, $264.8 million to the EFSD, $111.6 million to the IBRD, $2.8 million to the EBRD and the NIB, and $0.7 million to the U.S. Commodity Credit Corporation.

As of 1 November 2020 Belarus' state debt totaled Br57.9 billion, up by Br13.1 billion or 29.3% since the beginning of the year.

The internal state debt amounted to Br10.2 billion as of 1 November. Taking into account differences in currency exchange rates, the internal state debt went up by Br1.4 billion or 16.2% since the beginning of the year.

In January-October 2020 the Belarusian government sold $297.5 million and Br300 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $586.9 million and Br173.5 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

Subscribe to us
Twitter
Recent news from Belarus