Serbia's foreign debt slides 0.3% m/m to EUR 24bn at end-April.

By bne IntelliNews June 12, 2012
Serbia's foreign debt fell to EUR 24bn at the end of April from EUR 24.07bn a month earlier, the central bank said in a statement. The end-April foreign debt was, however, 5.1% higher than a year earlier. The short-term foreign debt declined to EUR 477mn at the end of April from EUR 579mn at end-March and EUR 997mn at end-April 2011. The end-April medium and long-term debt stood at EUR 23.5bn, above end-March's EUR 23.47bn and the EUR 21.7bn registered a year earlier. The country's liabilities to international financial organisations rose to EUR 7.87bn at the end of April from EUR 7.78bn at end-March and was above the EUR 6.52bn one at end-April 2011. Its largest creditor in this segment was the IMF as Serbia's debt to the Fund stood at EUR 2.05bn at the end of the third month of 2012, up from EUR 2.03bn at end-March and from EUR 1.9bn at end-April 2011. The country's liabilities to foreign governments and government agencies climbed to EUR 2.73bn at end-April from EUR 2.71bn at end-March. Its debt to the London club, however, fell to EUR 676mn from EUR 697mn at end-March. The country's Eurobond debt rose to EUR 755mn at end-April from EUR 748mn a month earlier. Serbia had zero Eurobond debt at end-April 2011 as its obligations in the segment started occurring as of September 2011 when the bond was issued.

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