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Belarus' external state debt down 2% to $16.6bn in January-October 2019

Economy 29.11.2019 | 11:26

MINSK, 29 November (BelTA) – As of 1 November 2019 Belarus' external state debt totaled $16.6 billion, down by $0.3 billion or 2% from the beginning of 2019 (taking into account differences in currency exchange rates), BelTA learned from the Belarusian Finance Ministry.

In January-October 2019 the Belarusian government borrowed $923 million abroad, including $601.8 million from the Russian government and banks, $150.5 million in foreign bond markets, $79.3 million from the International Bank for Reconstruction and Development (IBRD), $62.8 million from the Export-Import Bank of China, and $28.6 million the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

In January-October 2019 Belarus spent $1,322.8 million to repay the external state debt, including $563.3 million paid to the Russian government, $414.4 million to Chinese banks, $264.8 million to the Eurasian Fund for Stabilization and Development and $77.9 million to the IBRD, $1.7 million to the EBRD and NIB, and $0.7 million to the U.S. Commodity Credit Corporation.

As of 1 November 2019, Belarus' state debt totaled Br42.7 billion, down Br2.7 billion or 5.9% from the beginning of the year.

The internal state debt amounted to Br8.7 billion as of 1 November. Taking into account differences in currency exchange rates, the internal state debt reduced by Br0.2 billion or 2.5% from the beginning of the year.

In January-October 2019 the Belarusian government sold $771.2 million worth of domestic government bonds nominated in foreign currencies to individuals and corporations and redeemed $551.4 million and Br227.2 million worth of government bonds nominated in foreign and national currencies from corporations and individuals.

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