Serbia's external debt up to 89.7% of GDP at end-2012.

By bne IntelliNews February 14, 2013
Serbia's external debt rose to 89.7% of GDP (EUR 25.7bn) at end-Dec from 77.5% of GDP (EUR 24.1bn) at end-2011, lifted by Eurobond sales worth a combined USD 1.75bn in the autumn of 2012, data from the central bank's February inflation report showed. Long-term external indebtedness climbed 7.5% y/y to EUR 25.2bn (close to 98% in total foreign debt stock). Short-term external debt, which has been declining since January 2010, dropped 23.9% on the year to 493mn at end-Dec. Rising public indebtedness will continue driving Serbia's external debt up in the near term. In 2013, Serbia plans to seek over USD 3bn of financing abroad. The country will place two Eurobond issues worth a combined USD 2bn and is also considering issuing a Russian ruble bond of up to USD 300mn, finance minister Mladjan Dinkic told IntelliNews in January. In addition, Serbia is currently negotiating a USD 1bn loan for budget support from Russia.

Serbia's external debt up to 89.7% of GDP at end-2012.

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