October 14 (SeeNews) - The Bosnian government's foreign debt rose to a preliminary 4.70 billion marka ($3.6 billion/2.4 billion euro) at the end of the third quarter from a revised 4.24 billion marka at the end of 2008, central bank figures showed on Wednesday.
Bosnia's foreign debt totalled 4.295 billion marka at the end of the second quarter of 2009, the central bank said on its website.
The Balkan country operates a currency board system, with the Bosnian marka pegged to the euro at a fixed exchange rate of 1.95583 marka per euro.
Bosnia has been divided into two mini-states - a Serb Republic with dominant Christian Orthodox and ethnic Serb population, and a federation of Bosnian Muslims and Roman Catholic Croats - since the end of the 1992-95 war in the country.
Total debt includes the debt of Bosnia's central government and the separate governments of the Muslim-Croat Federation, the Serb Republic and the neutral Brcko District, as well as debt of cantonal and municipal governments. The powers of the central government are limited, compared to most other European countries. Its finances depend to a great extent on transfers from the governments of the Federation, the Serb Republic and Brcko District, which perform many of the central government functions on their territories.
Details of Bosnia's government foreign debt follow (in millions of Bosnian marka):
|European Investment Bank
|World Bank Group
|European Development Bank
|Intl Fund for Agricultural Development
|Saudi Development Fund
|Other private creditors
* Includes OPEC Fund.
** Includes Austria, Belgium, Hungary, Portugal, Spain, Sweden, Korea, the Netherlands and German state-owned KfW Agency.
Debt outstanding at the end of each period is derived by converting the foreign currency in which each loan is denominated into Bosnian marka according to the exchange rates quoted by the central bank for the given date.