Belarus's external state debt up 19.5% in January-September

Belarus's external state debt up 19.5% in January-September
Belarus' external state dept has risen to $16.3bn / Wikimedia Commons
By bne IntelliNews November 2, 2017

The external state debt of Belarus totalled $16.3bn as of October 1, up by $2.7bn or 19.5% from early January, the Finance Ministry in Minsk reported on October 31.

In January-September, external state borrowings totalled $3.417bn, including $1.4bn borrowed via a recent Eurobonds placement; $600mn from the Russia-led Eurasian Fund for Stabilisation and Development (EFSD).

Belarus also borrowed $1.1bn from Russian banks and the government; $194.5mn from Chinese banks; $122.6mn from the International Bank for Reconstruction and Development (IBRD) and $3.9mn from the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NEB).

The foreign reserves of Belarus increased by $273mn or 3.9% month-on-month to $7.267bn in September, following a $4.9 m/m growth in August and a 25.2% m/m jump in June. In October, the EFSD provided a new $200mn tranche to Belarus.

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