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Moldova's Q2 foreign debt rises to $6.55 bln - table

Oct 27, 2017, 2:37:39 PMArticle by Nicoleta Banila
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October 27 (SeeNews) - Moldova's foreign debt rose to $6.55 billion (5.63 billion euro) in the second quarter of the year from $6.24 billion at end-2016, data from the country's central bank, BNM, showed on Friday.

Moldova's Q2 foreign debt rises to $6.55 bln - table
Moldova's economic growth

The 5% increase in foreign debt compared to end-2016 was mainly due to financial assistance received by Moldova in the three months through June from international lenders, BNM data showed.

At the beginning of May, the International Monetary Fund (IMF) lent Moldova $21.5 million under the country's current three-year $178 million credit facility extended in November 2016.

In June, the EU Council and the European Parliament agreed on providing 100 million euro to help the country fund its structural reforms.

At the end of June, Moldova also owed a total of $590 million to the International Development Association, $290 million to the IMF, $176 million to the European Investment Bank, $74 million to the International Bank for Reconstruction and Development and $64 million to the European Bank for Reconstruction and Development.

Also, one of its biggest creditors among states are neighbouring Romania with $127 million, Japan with $59 million and Russia, with $48 million.

Details follow (in millions of dollars)*:

Q2 2017 end-2016
General government 1,622.24 1,481.68
Monetary authorities 282.18 292.28
Banks 391.39 375.23
Other sectors 3,149.18 3,020.84
Direct investment: inter-company lending 1,101.24 1,065.20
TOTAL 6,549.23 6,235.23

The end-of-month foreign debt figures released by the BNM exclude trade credits, non-resident deposits in Moldovan banks and local currency in possession of non-residents. The BNM releases figures for those liabilities quarterly, in a balance of payments report.

*revised data from BNM

($= 0.8597 euro)

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