Putin points at 2.5% reduction in Belarus’ foreign debt
MINSK, July 13 - PrimePress. Belarus’ foreign debt decreased by 2.5% in 2021 despite the impacts of the coronavirus pandemic and sanctions, Russian President Vladimir Putin said at his meeting with Belarusian President Alexander Lukashenko on July 13 in St. Petersburg.<br> <br> Putin’s Press Secretary Dmitry Peskov told reporters earlier that the presidents met on July 13, 2021 to discuss trade and economic cooperation, including major joint projects and Union State affairs, as well as “attempts made by the collective West to rock the situation in Belarus.”<br> <br> “I must say that despite the coronavirus and other infections [factors], including those associated with external challenges, I mean sanctions events of all kinds, the republic serves all the loans. Moreover, the government has just reported to me that the foreign debt of the Republic of Belarus has decreased by 2.5%, by 0.5 billion [dollars],” Putin said.<br> <br> “In this sense, Belarus is a stable, reliable partner. The gold and foreign exchange reserves are well above the level necessary to service foreign trade transactions,” he said.<br> <br> Belarus’ foreign debt by IMF standards decreased by 0.05% to $19.808 billion in May 2021. According to the Ministry of Finance, in January-May 2021, Belarus borrowed an equivalent of $194.1 million and repaid $700.5 million, of which $123.2 million was received from the Russian government ($310.2 million repaid in January-May 2021), $55.3 million from the International Bank for Reconstruction and Development ($59.9 million repaid), $13.7 million from the Export-Import Bank of China ($214.4 million repaid), $1.9 million from the European Bank for Reconstruction and Development and the Nordic Investment Bank ($3.2 million repaid). Also, in January-May, $112.1 million was repaid to the Eurasian Fund for Stabilization and Development and $700,000 to the United States Commodity and Credit Corporation. End<br> <br>
2021-07-13
Primepress
Putin points at 2.5% reduction in Belarus’ foreign debt
Putin’s Press Secretary Dmitry Peskov told reporters earlier that the presidents met on July 13, 2021 to discuss trade and economic cooperation, including major joint projects and Union State affairs, as well as “attempts made by the collective West to rock the situation in Belarus.”
“I must say that despite the coronavirus and other infections [factors], including those associated with external challenges, I mean sanctions events of all kinds, the republic serves all the loans. Moreover, the government has just reported to me that the foreign debt of the Republic of Belarus has decreased by 2.5%, by 0.5 billion [dollars],” Putin said.
“In this sense, Belarus is a stable, reliable partner. The gold and foreign exchange reserves are well above the level necessary to service foreign trade transactions,” he said.
Belarus’ foreign debt by IMF standards decreased by 0.05% to $19.808 billion in May 2021. According to the Ministry of Finance, in January-May 2021, Belarus borrowed an equivalent of $194.1 million and repaid $700.5 million, of which $123.2 million was received from the Russian government ($310.2 million repaid in January-May 2021), $55.3 million from the International Bank for Reconstruction and Development ($59.9 million repaid), $13.7 million from the Export-Import Bank of China ($214.4 million repaid), $1.9 million from the European Bank for Reconstruction and Development and the Nordic Investment Bank ($3.2 million repaid). Also, in January-May, $112.1 million was repaid to the Eurasian Fund for Stabilization and Development and $700,000 to the United States Commodity and Credit Corporation. End