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29 January 2021, 18:53

Belarus' external state debt up by 8.4% to $18.6bn in 2020

MINSK, 29 January (BelTA) – As of 1 January 2021 Belarus' external state debt totaled $18.6 billion, up by $1.4 billion or 8.4% since the beginning of the year (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In 2020 the Belarusian government borrowed $3,146.9 million abroad, including $1,391.5 million as bonds floated on foreign financial markets, $1,051.1 million from the Russian government and banks, $500 million from the Eurasian Fund for Stabilization and Development (EFSD), $126.2 million from the Export–Import Bank of China, $67.1 million from the International Bank for Reconstruction and Development (IBRD), and $11 million from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In 2020 Belarus spent $1,635.3 million to repay the external state debt, including $709.4 million to the Russian government and banks, $430.3 million to Chinese banks, $376.9 million to the EFSD, $112.3 million to the IBRD, $3.6 million t to the U.S. Commodity Credit Corporation and $2.8 million to the EBRD and the NIB.

As of 1 January 2021 Belarus' state debt totaled Br57.8 billion, up by Br13 billion or 29% since the beginning of the year.

The internal state debt amounted to Br9.9 billion as of 1 January. Taking into account differences in currency exchange rates, the internal state debt went up by Br1.1 billion or 12.9% since the beginning of the year.

In 2020 the Belarusian government sold $463.3 million and Br300 million worth of domestic government bonds nominated in foreign and national currencies to individuals and corporations and redeemed $857.7 million and Br173.5 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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