Moldova’s Gross External Debt Reaches Half of the Country’s GDP. What Do the Numbers Show?

Moldova’s Gross External Debt Reaches Half of the Country’s GDP. What Do the Numbers Show?
01 October 2020 | 17:13

Moldova’s gross foreign debt increased by five percent and amounted to over 7,785 million US dollars in the first half of 2020, which is 66.1 percent of GDP, according to data presented by the National Bank of Moldova.

The Bank’s data show that in the first six months of the year, public and publicly guaranteed external debt accounted for 27.6 percent of total external debt, amounting to 2,146 million US dollars, up 11.9 percent from the beginning of the year.

Moldova’s main creditor remained the World Bank Group with a share of 33.7 percent of the total, followed by the International Monetary Fund with 31.4 percent and the European Investment Bank with 14.4 percent.

Unsecured private external debt amounted to 5,639.40 million US dollars, increasing by about two percent compared to December 31, 2019.

The largest share of external debt is long-term debt (71.5 percent), which was 5,565.54 million US dollars at the end of June, up to six percent from the beginning of 2020.

Short-term external debt increased by up to four percent during the first two quarters of the year and amounted to 2,219.84 million US dollars on June 30.

AUTHOR MAIL

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