Private sector’s foreign debt down in May

The private sector’s total outstanding external loans dropped by USD 5.4bn to USD 163.6bn in May, compared to the end of 2021, according to the Central Bank.

Short-term loans – excluding trade credits – of the sector received from abroad amounted to USD 8.2bn, up by USD 724m in comparison to the end of 2021.

USD 5.6bn of short-term loans consisted of the liabilities of financial institutions while USD 1.03bn of it was generated by the liabilities of non-financial institutions.

The private sector’s long-term foreign debt fell by USD 6.1bn to USD 155.4bn in the same period.

The sector’s total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of USD 45.8bn for the next 12 months as of the end of May.

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