Belarus’ foreign debt up 2.45% in Dec 2020 to $20.271bn

<p> MINSK, Jan 29 – PrimePress. Belarus’ state foreign debt increased by 2.45% month on month in Dec 2020 to U.S. $20.271 billion as of Jan 1, 2021 by the International Monetary Fund’s Special Data Dissemination Standards, reads a report posted on the website of the Finance Ministry. </p> <p>   </p> <p> The government’s long-term debt accounted for 91.63% of the total foreign debt in Dec 2020 (91.53% in Nov 2020), the government’s short-term debt for 0% (0%), and foreign loans to companies’ against the government’s security for 8.37% (8.47%). </p> <p>   </p> <p> The Finance Ministry says Belarus took out external public loans in the amount of $3.147 billion in Jan-Dec 2020 and transferred $1.635 billion to redeem external liabilities. This includes $1.392 billion received from bonds placed on foreign financial markets; $1.051 billion from the Russian government and banks (paid in 2020 $709.4 million); $500 million from the Eurasian Fund for Stabilisation and Development ($376.9 million); $126.2 million from the Export-Import Bank of China; $67.1 million from the International Bank for Reconstruction and Development ($112.3 million); $11 million from the European Bank for Reconstruction and Development and the Nordic Investment Bank ($2.8 million). Also in 2020, $430.3 million was paid to Chinese banks. </p> <p>   </p> <p> In 2019, the foreign debt decreased by 1.4% by the International Monetary Fund’s Special Data Dissemination Standards to $18.502 billion as of Jan 1, 2020. </p> <p>   </p> <p> Belarus’ main creditors are Russia, China, the Eurasian Fund for Stabilization and Development, European Bank for Reconstruction and Development and International Bank for Reconstruction and Development. End </p>

2021-01-30

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