Serbia's foreign debt drops 0.38% m/m to EUR 23.77bn at end-Oct.

By bne IntelliNews December 9, 2011
Serbia's foreign debt dropped to EUR 23.77bn at the end of October from EUR 23.86bn a month earlier, the central bank said in a statement. The country's foreign debt stood at EUR 23.03bn at the end of October 2010. The short-term foreign debt declined to EUR 804mn at the end of October from EUR 858mn at the end of September, while the medium and long-term one shrank to EUR 22.95bn at end-October from 22.98bn a month earlier. The country's liabilities to international financial organisations rose to EUR 7.42bn at the end of October from EUR 7.29bn a month earlier. Its largest creditor in this segment was the IMF as Serbia's debt to the fund fell to EUR 2bn at the end of October from EUR 2.03bn at the end of the previous month. The country's liabilities to foreign governments and government agencies inched up to EUR 2.649bn at end-October from EUR 2.647bn at end-September. Its debt to the London club, however, shrank to EUR 666mn from EUR 715mn at the end of September.

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